Singapore NODX rises 2.8% in Oct

SINGAPORE's non-oil domestic exports (NODX) expanded 2.8 per cent in October compared to a year ago, following a 1.2 per cent slip in September.

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Here is an exercpt of the press release from International Enterprise (IE) Singapore:

Overall Trend

On a y-o-y basis, NODX grew by 2.8 per cent in October 2013, in contrast to the 1.2 per cent decrease in the previous month. On a 3-month moving average (3MMA) y-o-y basis, NODX declined by 1.7 per cent in October 2013, following the 3.3 per cent contraction in the previous month.

On a month-on-month seasonally adjusted basis, NODX rose by 3.2 per cent in Oct 2013, after the previous month's 5.6 per cent expansion, due to an increase in both electronic and non-electronic NODX. On a SA basis, the level of NODX reached $14.6 billion in Oct 2013, higher than the $14.2 billion registered in the preceding month.

On a SA basis, non-oil retained imports of intermediate goods (NORI) decreased by $1.7 billion from $5.1 billion in the previous month to reach $3.4 billion in Oct 2013.