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

Non oil domestic exports from Singapore for October 2019

-2.9 % sa m/m

• expected -0.8%, prior -3.3%

-12.3 % y/y

• expected -10.0%, prior -8.1%

Exports of electronics -16.4% y/y

NODX to:

• China -5.5% y/y
• Europe -13.2% y/y
• US -10.5% y/y

Exports declined for the 8th month