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Singapore exports shrink again in May but electronics hold up

Reuters  |  SINGAPORE 

By Fathin UngkuSINGAPORE (Reuters) - Singapore's exports shrank for a second straight month in May, though electronics shipments continued to grow solidly to support an economy that wobbled in the first quarter and faces risks from deleveraging in major trading partner China.Non-oil domestic exports (NODX) from the city state dropped 1.2 percent in May from a year earlier, data from trade agency International Enterprise Singapore (IE Singapore) showed on Friday, after declining 0.7 percent in April for the first time in five months.Analysts, who had expected a 3.7 percent year-on-year decline ...

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First Published: Fri, June 16 2017. 08:36 IST