Singapore's non-oil domestic exports declined for the first time in six months in April, defying economists' expectations for a further strong rise, data from the National Enterprise Singapore showed Tuesday.
NODX dropped 0.7 percent year-over-year in April, reversing a 16.5 percent spike in March. Meanwhile, economists had expected a 13.0 percent climb for the month.
Exports of electronic products grew 4.8 percent annually in April, slower than the 5.2 percent gain in the prior month. It was forecast to increase by 9.3 percent.
The increase in electronic domestic exports was largely contributed by ICs, parts of PCs and disk media products.
At the same time, non-electronic NODX fell 2.9 percent yearly in April, in contrast to a 20.8 percent surge in March.
On a monthly basis, NODX dipped a seasonally adjusted 9.0 percent in April, after a 1.1 percent drop in the preceding month.
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