Singapore NODX growth eases y-o-y in Aug on electronics decline

SINGAPORE (Sept 17): Singapore’s non-oil domestic exports (NODX) for Aug 2018 grew 5% y-o-y, moderating from the 11% expansion in the previous month due to a decline in electronics, which fell 1.5% following the 5.8% decrease in the previous month.

Diodes & transistors, parts of PCs and ICs fell by 28.8%, 47.8% and 1% respectively, contributing to the bulk of the decrease in electronic domestic exports.

This was nonetheless outweighed by non-electronic NODX growth in the month under review, notes trade promotion agency Enterprise Singapore on Monday, with pharmaceuticals (+33.4%), food preparations (+82.8%) and measuring instruments (+22.2%) contributing the most to non-electronic NODX growth.

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