Analysts See H2 Rebound for Non-oil Domestic Exports
Analysts See H2 Rebound for Non-oil Domestic Exports
Sector to benefit from a more favourable global backdrop.
板块将受益于更有利的全球背景。
Singapore's non-oil domestic exports (NODX) could still rebound in the second half of the year even after posting a worse-than-expected fall in June, according to RHB.
根据RHb的说法，尽管6月份非石油国内出口（NODX）下降幅度大于预期，但在下半年仍可能反弹。
Economists at RHB expect NODX to gradually increase through the rest of the year and post a 0.5% increase for the whole of 2024.
RHb的经济学家预计，NODX将在今年余下时间逐渐增加，并在2024年整体上增长0.5%。
The 8.7% YoY drop in June marked the fifth consecutive month of decline was primarily driven by weak electronic and non-electronic shipments. With NODX's inherent unpredictability, particularly for volatile items, last month's disappointing print does not signal a long-term trend for the entire segment, according to the analysts.
六月同比下降8.7%标志着连续第五个月的下滑，这主要是由贸易和非贸易出货量不足所推动。分析师称，由于NODX的内在不可预见性，特别是对于波动大的项目，上个月令人失望的数据并不表示整个部分的长期趋势。
The improving global economic climate could also help lift Singapore's exports in the year ahead, they said.
他们表示，全球经济氛围的改善也有助于推动新加坡未来一年的出口。
Manufacturing and trade-related sectors will likely be the main drivers of growth for NODX in the second half thanks to the upswing in the global tech cycle.
随着全球技术周期的上升，制造业和贸易相关部门很可能成为NODX在下半年增长的主要驱动力。