Chart of the Day: Electronics segment fails Singapore's NODX hopes again

Shipments dropped by 9%.

According to Maybank Kim Eng, electronics is still the main drag on growth. Shipments from the cluster fell by -9.0% YoY (Mar 2013: -17.9% YoY) marking the ninth consecutive month of negative numbers. 

The report said that the slowdown was primarily due to lower exports of Parts of PC’s (Apr 2013: -37.5% YoY; Mar 2013: -19.3% YoY), Integrated Circuits (Apr 2013: -11.7% YoY; Mar 2013: -17.0% YoY) and Disk Drives (Apr 2013: -23.2% YoY; Mar 2013: -31.2% YoY).

"There were some positives to be noted within the segment including the continued recovery in shipments of Parts of IC’s (Apr 2013: +39.6% YoY; Mar 2013: +5.1% YoY) alongside Diodes & Transistors (Apr 2013: +38.3% YoY; Mar 2013: +4.4% YoY)," Maybank Kim Eng said.