• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, May 8
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025

    Senator Murphy Tries To Ban Trump’s Meme Coin With ‘MEME Act’

    May 6, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Singapore’s non-oil exports fall for a 11th month in August
Business

Singapore’s non-oil exports fall for a 11th month in August

September 18, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
A ship prepares to dock at PSA's Tanjong Pagar container port in Singapore

A ship prepares to dock at PSA’s Tanjong Pagar container port in Singapore April 18, 2016. REUTERS/Edgar Su/File Photo Acquire Licensing Rights

SINGAPORE, Sept 18 (Reuters) – Singapore’s annual exports fell for an 11th straight month in August as the trade-reliant economy continues to grapple with global headwinds on inflation and declining demand.

Singapore’s non-oil domestic exports (NODX) fell 20.1% year-on-year in August, official data showed on Monday, as both electronics and non-electronics exports to the United States, Europe and China declined.

The decline compared with a forecast in a Reuters poll of a 15.8% contraction, and continued the 20.3% contraction seen in July.

“This does seem to suggest that any kind of stabilisation on exports doesn’t seem to be on hand just yet,” said Barclays economist Brian Tan.

Economists are expecting the Monetary Authority of Singapore (MAS) to keep monetary policy unchanged in the policy review scheduled next month due to the weak growth and persistent inflation.

“Even if the growth is weak, inflation has been at a very uncomfortable level for us… it’s really too soon to be relaxed about inflation, and MAS is going to stay relatively cautious,” said Tan.

On a seasonally adjusted month-on-month basis, NODX decreased 3.8%, Enterprise Singapore data showed, versus the prior month’s 3.5% decline. Economists had forecast 5.5% growth.

NODX to the United States contracted by 32.4% in August, after the 34.3% expansion in the preceding month, mainly due to the sharp decline in non-electronic exports.

Last month, Singapore narrowed its economic growth forecast to 0.5% to 1.5% this year from 0.5% to 2.5%, after it narrowly averted a recession in the second quarter when its economy expanded a seasonally-adjusted 0.1%.

See also  Apple inks multi-billion-dollar deal with Broadcom for U.S.-made chips

The central bank left policy settings unchanged in April, after tightening five times in a row since October 2021, reflecting concerns over the city-state’s growth outlook.

Reporting by Chen Lin; Editing by Kanupriya Kapoor

: .

Acquire Licensing Rights, opens new tab
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025

‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

5 Glowy Skin Essentials From Walmart’s Beauty Event

August 26, 2023

Employees Sue Elon Musk’s Twitter for Not Paying Promised Bonuses

June 22, 2023

Registered sex offender lived with girlfriend’s corpse for 2 months and was afraid she’d come back to life, Las Vegas police say

August 1, 2023

Dodgers Celebrate Gay Pride Month with Rainbow Tweet Amid Backlash over Hosting Anti-Catholic Drag Queens

June 3, 2023
Don't Miss

Top 10 Benefits Of Acupuncture

Lifestyle May 8, 2025

For centuries, acupuncture has served as a comprehensive therapeutic practice, addressing both physical and emotional…

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,109)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,625)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

EPA Orders Norfolk Southern To Test For Toxic Chemicals In Wake Of Fiery Derailment

March 3, 2023

UK Will Force Banks to Keep Cash For Public

August 20, 2023

Former Trump AG Says Jack Smith Issued New Indictment ‘To Punish’ Former President

July 28, 2023
Popular Posts

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.