Singapore exports (NODX) y/y drop again in November

Singapore's non-oil domestic exports (Nodx) fell on the year and rose on the month in November

+3.8% m/m, missing estimates

• expected 8.7%, prior -5.4%

-4.9% y/y

• expected +0.3%, prior -3.1%

Before October, Singapore had four straight months of NODX growth.

NODX grew to the US, Japan, Taiwan, Malaysia, Thailand and Hong Kong.

• And fell to China, the European Union and Indonesia.