Singapore's NODX surged 2.8% in October

Electronic, non-electronic NODX increased.

According to a release by the Department of Statistics, on a y-o-y basis, NODX grew by 2.8 per cent in October 2013, in contrast to the 1.2 per cent decrease in the previous month. On a 3-month moving average (3MMA) y-o-y basis, NODX declined by 1.7 per cent in October 2013, following the 3.3 per cent contraction in the previous month.

On a month-on-month seasonally adjusted (m-o-m SA) basis, NODX rose by 3.2 per cent in October 2013, after the previous month’s 5.6 per cent expansion, due to an increase in both electronic and non-electronic NODX.

On a SA basis, the level of NODX reached S$14.6 billion in October 2013, higher than the S$14.2 billion registered in the preceding month.

On a SA basis, non-oil retained imports of intermediate goods (NORI) decreased by  S$1.7 billion from S$5.1 billion in the previous month to reach S$3.4 billion in October 2013.