Singapore's non-oil domestic exports drop unexpectedly in December
Singapore's non-oil domestic exports reportedly fell 1 year-on-year in December.5%, and the market generally expected 3.3% growth in contrast。
Singapore's non-oil domestic exports reportedly fell 1 year-on-year in December.5%, and the market generally expected 3.3% growth in contrast。
This is a decline after a 1% year-on-year increase in November.。
In December, electronics exports fell for the 17th consecutive month year-on-year, a decline of 11.7%, mainly by PC (down 34.3%), integrated circuits and diodes (down 7% YoY.9%) and PC parts (down 25% YoY.7%) impact。
Meanwhile, exports of non-electronic products increased by 1.4%, following a year-on-year increase of 5 in November..After 2%。Drug exports surge 56.9%, non-monetary gold exports rose 55.5%, while exports of all types of manufactured goods increased by 69.1%。
On Wednesday, the Singapore dollar was relatively weak against the U.S. dollar, with the USD / SGD currency pair last quoted at 1.3440。Fed hawkish comments lowered expectations of an early rate cut, pushing the USD / SGD currency pair to 1 on Wednesday..3456, a two-month high。
Federal Reserve Governor Christopher Waller said Tuesday that while U.S. inflation is close to the Fed's 2 percent target, the central bank should not decide to cut interest rates until low inflation continues to be evident。
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