The Business Times

Singapore's NODX up 0.9% in Sept

Published Fri, Oct 17, 2014 · 01:03 AM

SINGAPORE'S key non-oil domestic exports (NODX) continued to expand year-on-year in September but at a slower pace.

The NODX rose just 0.9 per cent after a 6.0 per cent jump in August, still wrapping up the third quarter with an overall positive upturn.

But the NODX was down sharply by a seasonally-adjusted 8.8 per cent month on month in September, reversing the previous month's 7.6 per cent rise, according to the latest trade figures released on Friday morning by International Enterprise Singapore.

The electronic NODX continued to drop year on year, posting a 4.0 per cent decline. It fell 6.9 per cent in August. But non-electronic NODX was up 3.0 per cent in September, though easing from a 12.1 per cent jump the month before.

Shipments to all top 10 markets except Hong Kong, Japan, the European Union and Indonesia, increased last month. The top three contributors to rise were China, Taiwan and Malaysia.

Non-oil re-exports grew 4.3 per cent after a 5.6 per cent fall in August.

Read what economists have to say: Quick takes: Singapore Sept NODX is weaker than expected


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