NODX sank 1.2% in September

But improved from 6.8% decline last month.

International Enterprise Singapore announced that on a y-o-y basis, the country's non-oil domestic exports (NODX) contracted by 1.2 per cent in September 2013, following the 6.8 per cent decrease in the previous month.

On a 3-month moving average (3MMA) y-o-y basis, NODX declined by 3.3 per cent in September 2013, following the 6.1 per cent contraction in the previous month.

On a month-on-month seasonally adjusted (m-o-m SA) basis, NODX rose by 5.7 per cent in September 2013, in contrast to the previous month’s 6.6 per cent contraction, due to an increase in non-electronic NODX which outweighed the decline in electronic NODX. On a SA basis, the level of NODX reached S$14.2 billion in September 2013, higher than the S$13.4 billion registered in the preceding month.

On a SA basis, non-oil retained imports of intermediate goods increased by S$0.4 billion from S$4.7 billion in the previous month to reach S$5.1 billion in September 2013.

On a y-o-y basis, electronic NODX contracted by 5.5 per cent in September 2013, after the 9.2 per cent decline in the previous month. The decrease in electronic domestic exports was largely due to disk media products (-36.5 per cent), parts of PCs (-15.0 per cent) and telecommunications equipment (-38.6 per cent).

On a y-o-y basis, non-electronic NODX expanded by 0.9 per cent in September 2013, following the 5.6 per cent contraction in the previous month. The expansion in non-electronic NODX was led by petrochemicals (+35.3 per cent), printed matter (+60.6 per cent) and food preparations (+67.9 per cent).