Published:
Singapore's non-tech domestic exports shrank 4.7%
Blame it on 96% plunge in ship structure.
According to CIMB, non-tech DX (67% of NODX) retreated 4.7% yoy on the back of a 10.4% fall in chemicals, 31.1% slide in drugs and 96% yoy plunge in the “structure of ships & boats” (lumpy items such as oil rigs).
"If there is any consolation, NODX excluding lumpy items and drugs declined a “smaller” 0.4% yoy, its smallest
annual decline in four months (Jun-Jul 13: -2.1%)," CIMB said.
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