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22

Singapore Non-Oil Export Grew

On a month-on-month seasonally adjusted basis, the NODX grew by 8.4 percent from last month's 1.8 percent contraction

Singapore's non-oil domestic export grew by 2.8 percent year-on-year in January, reversing the 4.5 percent decrease in December last year due to gains in non-electronic export, the government said on Monday.

On a month-on-month seasonally adjusted basis, the NODX grew by 8.4 percent from last month's 1.8 percent contraction, Singapore's trade promotion agency International Enterprise Singapore (IE Singapore) said in a statement.

Electronic shipments fell by 1.8 percent from a year ago, due to lower domestic exports of telecommunications equipment, consumer electronics and ICs.