In November, non-oil domestic exports (NODX) increased 1.6% over the same month last year. The reading came in stark contrast to the revised 16.3% contraction tallied in October (previously reported: -16.2% year-on-year) and surprised the market on the upside, as analysts had expected a 1.2% decline. The rebound over the previous month was underpinned by stronger exports of both electronic and non-electronic products. Electronic product exports swung from a 31.2% contraction in October to a 0.1% increase and non-electronic exports moved from a 6.9% contraction to a 2.4% increase. A month-on-month comparison corroborates the improvement suggested by the annual figures, as exports expanded a strong seasonally adjusted 5.9%, contrasting the 6.0% contraction recorded in October.
Singapore Trade Balance
Exports unexpectedly rebound in November
December 16, 2011
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Singapore Economic News
October 24, 2016
In September, consumer prices stayed flat compared to the previous month, following the 0.5% increase recorded in August.
October 17, 2016
In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result.
October 14, 2016
According to advanced estimates released by the Ministry of Trade and Industry on 14 October, GDP declined a sharp 4.1% in Q3 from the previous quarter at a seasonally adjusted annualized rate (SAAR), down from Q2’s revised 0.2% rise (previously reported: +0.3% quarter-on-quarter).
October 14, 2016
At its second scheduled semi-annual meeting of 2016, which took place on 14 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.8 in August to a 15-month high of 50.1 in September.