Singapore data: exports +3.7% m/m in July (expected +2.7%)
- -7.8% the previous month
- -11.2 pct y/y (Reuters poll -15.2 pct)
NODX to US +12.3 pct y/y
- to China -5.0 pct y/y
- to Europe -2.5 pct y/y
Singapore's exports in July down y/y for the fifth straight month. Sg and South Kora have been big losers in the fallout from the trade war. Cheaper Asian countries such as India, Vietnam have seen export growth.