Singapore trade data for November, big miss for exports (NODX)

Non oil domestic exports from Singapore for Nov. down 4.2% m/m (expected +0.6%)

• For the y/y, down 2.6% (expected up 1.2%)

NODX to:

• China -16% y/y
• Europe -2.7% y/y
• US +33.1% y/y

Interesting up so much to the US while down so much to China.