Singapore's year-on-year NODX declines 14.6 pct in November

Singapore's non-oil domestic exports (NODX) declined by 14.6 percent in November from a high base a year ago, following the 6.1 percent decline in October, Enterprise Singapore, a government agency, announced on Friday.

In a breakdown, the electronic NODX contracted by 20.2 percent year on year in November, following the 9.3 percent decrease in the previous month. The non-electronic NODX declined by 12.8 percent year on year in November, compared to the 5.1 percent decrease in the previous month.

On a month-on-month seasonally adjusted basis, Singapore's NODX decreased by 9.2 percent in November to 14.3 billion Singapore dollars (about 10.54 billion U.S. dollars), after the previous month's 4.2 percent fall.

Singapore's non-oil re-exports (NORX) contracted by 4 percent year on year this November, after the 6.2 percent growth in the previous month. Electronic NORX declined while non-electronic NORX grew in November.

Singapore's oil domestic exports grew by 9.9 percent year on year in November, easing from the 33.1 percent growth in October.