Singapore key exports extend slump in April

Non-oil domestic exports fell 9.8% year-on-year in April, following an 8.3% decline in March, data from Enterprise Singapore showed. — ST FILE

SINGAPORE: Singapore’s key exports posted their seventh consecutive month of year-on-year contraction in April, weighed down by both electronic and non-electronic products, prompting some economists to predict a few more months of declines before any improvements in the second half of 2023.

Non-oil domestic exports (Nodx) fell 9.8% year-on-year in April, following an 8.3% decline in March, data from Enterprise Singapore showed yesterday.