Singapore NODX jumps 18.5% in March
NON-OIL domestic exports jumped 18.5 per cent year on year in March after a 9.7 per cent fall in February, thanks to growth in both electronic and non-electronic NODX.
Month on month, the NODX surged a seasonally adjusted 23.0 per cent, against a 9.4 per cent drop in the previous month.
Except for Indonesia and Japan, NODX shipments to the top 10 major markets rose last month. The EU, US and Malaysia were the three biggest contributors to NODX's expansion.
Electronic NODX grew 10.4 per cent from a year ago in March, in contrast to a 12.5 per cent decline in February. Non-electronic NODX increased 21.6 per cent following a 8.5 decrease.
Non-oil re-exports rose 1.7 per cent last month, extending the 0.9 per cent increase in February, due to a growth in non-electronic NORX which outweighed the fall in electronic NORX.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election