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Asia-Pacific markets took a breather after rallying in the previous session, as investors await key China data to assess the state of the world's second largest economy. China data, including new house prices, urban unemployment and retail sales figures for April, is due later in the day. Russian President Vladimir Putin, who is on a two-day state visit to China, said at a press conference that discussions had been "warm and comradely" and had shown the importance of the two countries' relationship. Singapore will also release its non-oil domestic export figures for April, with NODX expected to fall 10% year on year.
Persons: Vladimir Putin, NODX Locations: Asia, Pacific, China, Singapore
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Singapore's exports fell for a 12th straight month in September on a year-on-year basis as the trade-reliant economy grappled again with global headwinds on inflation and declining demand. Singapore's non-oil domestic exports, or NODX, fell 13.2% in September from the same month a year earlier, data on Tuesday showed, as both electronic and non-electronic exports to its top 10 markets declined. Last month's fall compared with a Reuters poll forecast of a 14.7% drop, and extended the 22.5% contraction seen in August. There were, however, some "green shoots" in some markets, said OCBC economist Selena Ling, adding that September's data suggested some stabilization.
Persons: Selena Ling Organizations: Singapore Authority, Port Locations: Port, Port of Singapore
Singapore's non-oil exports fall for a 11th month in August
  + stars: | 2023-09-18 | by ( Chen Lin | ) www.reuters.com   time to read: +2 min
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. 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. 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%.
Persons: Brian Tan, it's, Tan, Chen Lin, Kanupriya Kapoor Organizations: Barclays, Authority of Singapore, MAS, Enterprise Singapore, Thomson Locations: SINGAPORE, United States, Europe, China, Singapore
FILE PHOTO: A ship docks at Keppel terminal in Singapore November 17, 2020. REUTERS/Edgar SuSINGAPORE (Reuters) - Singapore’s September non-oil domestic exports (NODX) grew 3.1% year-on-year, official data showed on Monday, slower than the previous month and missing forecasts due to declines in shipments for the Chinese and Hong Kong markets. On a seasonally adjusted month-on-month basis, NODX fell 4%, Enterprise Singapore data showed, versus the prior month’s 3.9% decline. Electronic NODX fell 10.6% on year in September, with integrated circuits, disk media products and personal computer parts declining by 12.0%, 42.7% and 22.3% respectively. Non-electronic NODX grew 7.6%, with pharmaceuticals, measuring instruments and non-monetary gold contributing the most to the growth.
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