Wednesday, August 17, 2016

Economy

Economy: Jul NODX contracts as exports to US, China plunge
-NODX -10.6% y/y in Jul (est:-2.5%), -2.5% in Jun
-NODX -1.8% m/m in Jul, -13% in Jun
-Significant drop in key markets: US (-19%), China (-17%), Indonesia (-23%)
-Electronics -12.9% (-1.7% in Jun), non-electronics -9.5% (-2.6% in Jun)
-Weak exports reaffirms MTI's downward revision of GDP growth forecast to 1-2% from 1-3%

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