Singapore's non-oil domestic exports (NODX)

Down 1.2% y/y (2nd consecutive month for lower y/y)

  • expected -3.7%

But up 8.1% m/m

  • expected +3.6%
  • prior -9% m/m

More:

  • May domestic exports of electronics +23.3% y/y
  • NODX to US +1.7% y/y in May (was -9.6% in April)
  • NODX to China +36.4% in May (prior +10.9%)
  • NODX to Europe +16.2% (-36% previously)