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“This does seem to suggest that any kind of stabilisation on exports doesn’t seem to be on hand just yet,” said Barclays economist Brian Tan.
https://www.malaymail.com/news/singapore...line/91485
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https://www.businesstimes.com.sg/singapo...ng-201?amp
Singapore’s trade slump likely to persist till year-end as key exports fall a surprising 20.1% in August
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SINGAPORE’S non-oil domestic exports (NODX) slid a surprising 20.1 per cent in August, dragged down by electronics shipments that continued to contract for the 13th consecutive month, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Sep 18).
August’s print extended the previous month’s revised 20.3 per cent decline, and surpassed the median 17.1 per cent drop which private-sector economists were expecting, according to a Bloomberg poll. Both electronics and non-electronics exports continued to decline on a year-on-year basis.
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(This post was last modified: 19-09-2023, 01:27 PM by
cityhantam.)
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with china ban micron sure got some impact, 2022 china and hk base used estimated $15b of micron products.
looks like they may have to look see at india if the gap can be filled there.