Singapore non-oil exports jump 16.1% in June from low base, reversing drop in May

Singapore's June’s export performance beat the consensus forecast for an 8 per cent rise from analysts polled by Bloomberg and a 6.2 per cent increase in a Reuters poll. - The Straits Times/Asian News Network

SINGAPORE (The Straits Times/ANN): A low year-ago base and strong performance of the electronics sector pushed up Singapore non-oil domestic exports (Nodx) in June, putting them back on track of recession-defying growth.

Nodx last month jumped 16.1 per cent from June 2019 when it had dropped by 17 per cent, Enterprise Singapore (ESG) said on Friday (July 17).