NODX slips back into negative territory in September

NON-OIL domestic exports (NODX) slipped back into negative territory in September, posting a 4.8 per cent year-on-year decline after a flat month in August.

But month on month, a 1.9 per cent dip in the previous month gave way to a 2.4 per cent jump last month, according to the latest figures released by trade promotion agency International Enterprise Singapore.

External demand continued to be weak as NODX shipments to all 10 major markets tumbled, with the exception of Hong Kong, the European Union and South Korea. Malaysia, Indonesia and the US were the biggest contributors to September's fall.

Electronic NODX was still in negative land, extending the year-on-year 6.0 per cent dive in August to a 6.6 per cent decline in September.

Non-electronic NODX reverted to a 4.0 per cent drop last month after a 2.7 per cent rise in August.