Singapore NODX slipped 3.3% in January

Blame it on lower electronic NODX.

According to a release by the International Enterprise (IE) Singapore, on a year-on-year (y-o-y) basis, NODX declined by 3.3 per cent in January 2014, compared to the 6.0 per cent increase in the previous month, due to a decline in electronic NODX which outweighed the rise in non-electronic NODX.

On a y-o-y basis, NODX to all of the top 10 NODX markets, except China, the EU 28, the US and Indonesia, declined in January 2014. The top three contributors to the NODX contraction in January 2014 were Hong Kong, South Korea and Taiwan.

On a y-o-y basis, NORX rose by 9.0 per cent in January 2014, after the 14.2 per cent increase in the previous month, due to both electronic and non-electronic NORX.