NODX posts 3.1% drop in October

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Both electronic and non-electronic NODX reported declines. Singapore’s non-oil domestic exports (NODX) posted a 3.1% YoY decline in October compared to a year ago, following the 5.8% YoY increase in September, as both non-electronics and electronics recorded declines, reports Enterprise Singapore. On a month-on-month basis, October’s NODX dropped 5.3% MoM compared to the previous month, extending—albeit at a slower pace—the 11.4% MoM contraction in September. The level of NODX reached $13.1b in October, lower than the $13.8b in September. read more