Tech cycle effects add burden on NODX in August

Submitted By:  Danielle Isaac Case Study:  No Electronics could contract for the ninth consecutive month after a 3.8% drop in July. After an 11.8% gain in July, the growth in Singapore’s non-oil domestic exports for August could soften to 5.3%, Moody’s Analytics revealed. “Electronics likely remained a drag, with annual export growth forecast to contract for a ninth straight month in August,” said Moody’s Analytics managing director Steve Cochrane. Electronic products were down by 3.8% in July, following the 8.6% drop in June. read more