Singapore Non-oil domestic exports increased 2.4% in Sep 2016

Non-oil domestic exports (NODX) increased by 2.4% in September 2016 on a month-on-month seasonally adjusted (m-o-m SA) basis, in contrast to the previous month's 1.9% decrease, due to an expansion in both electronic and non-electronic NODX. On a SA basis, the level of NODX reached S$12.8 billion in September 2016, higher than the S$12.5 billion registered in the previous month.

NODX declined by 4.8% in September 2016 on a y-o-y basis, compared to the flat growth in the previous month. On a 3-month moving average (3MMA) y-o-y basis, NODX declined by 5.3% in September 2016, following the 4.5% contraction in the previous month.

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