Singapore’s Non-Oil Domestic Export Growth Narrows To 2.7 Percent In Aug

SINGAPORE– Singapore’s non-oil domestic exports (NODX), grew at a slower pace in Aug, as the year-on-year growth narrowed from 12.7 percent in July, to 2.7 percent, Enterprise Singapore, a government agency, announced today.

 

The electronic NODX expanded by 16.7 percent year on year in Aug, extending the 15 percent increase in the previous month. The non-electronic NODX declined by 1.4 percent in Aug, a reversal from the 12 percent rise in July.

 

On a month-on-month seasonally adjusted basis, Singapore’s NODX decreased by 3.6 percent in Aug, to 15.5 billion Singapore dollars (about 11.52 billion U.S. dollars), after a 0.9 percent decrease in the previous month.

 

Singapore’s non-oil re-exports (NORX) grew by 19 percent year on year in Aug, following the 13.9-percent rise in July. Both electronic and non-electronic NORX grew.

 

Source: NAM NEWS NETWORK

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