Singapore's non-oil domestic exports fell 15.5% in June from a year earlier, weighed down by declines in both electronic and non-electronic products.
as seen in New Zealand and Germany with second quarter preliminary estimates showing 0.3% growth on a quarter-on-quarter basis. The first quarter was a 0.4% quarter-on-quarter contraction.
On a month-on-month seasonally adjusted basis, non-oil domestic exports grew 5.4% in June, following May's 14.6% decline. That was lower than analysts' predictions for a 5.9% decline.Exports to neighboring Malaysia contracted 30.7% year-on-year last month due to lower shipments of integrated circuits, articles of plastic and specialized machinery.
Shipments to Indonesia declined 35.7% after drops in exports of petrochemicals, plastic plates and sheets and primary chemicals. Exports to China grew 3.1% in June after posting a 3.7% growth in May.
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