Singapore’s exports down in July, retails sales up in June
Singapore’s electronic exports increased 2.3% on the year following a 7.6% gain in June. The increase was attributed to a rise in PC, telecommunications equipment and diodes and transistor exports. Non-electronic exports, however, fell by 2.1% following a 3.3% increase in the previous month. The decrease was attributed to a decline in exports of structures for ships and boats, printed matter as well as primary chemicals.
Singapore’s retail sales, meanwhile, rose 6.9% on a yearly basis in June. The increase in retail sales was attributed to a jump in sales of motor vehicles, which posted an increase of 85.2% on the year in June. Retail sales posted a smaller increase of 0.6% compared with the previous month in June. The country’s total retail sales value reached $3.5 billion in June, up from $3.3 billion a year earlier.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally
- Turnarounds keep PP supply tight in SE Asia
- European PP market sees step backs from initial July offers
- Focus turns to August in Turkey: PP and PE players sidelined amid blurry outlook
- SEA PE uptrend intact, yet increases capped by reduced demand
- Taiwanese major hikes Aug PVC offers to Asia as limited availability outweighs monsoon effect