Chart of the Day: See which sectors pulled up Singapore’s NODX in August

Also, discover the sluggard sectors.

Singapore’s exports continue to register slight weakness as a result of underperforming sectors.

However, non-electronic items in August was the primary strength behind the revival of NODX growth as it gained by 12.1% year on year led by capacity enhanced petrochemicals which chalked up its latest in a string of double digit gains and supplemented by pharmaceuticals which rebound by 26.9% year on year. Both items accounted for 22.3% of total NODX value thus far in 2014.

A report by Maybank reveals that the other notable contributor to NODX topline growth for the month came from structures of ships & boats which surged by a staggering 1,337% year on year.

Maybank adds that structural issues continue to plague the NODX electronic sector as shipment contracted for a 25th straight month coming in at -6.9% year on year as August 2014 was inflicted by weakness of PCs and parts of PCs which collectively declined by -10.6% year on year followed by disk drives and other computer peripherals.

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