Singapore: Exports accelerate in January
February 17, 2015
In January, non-oil domestic exports (NODX) rose 4.3% over the same month of last year. The print came well above the 2.3% rise tallied in December and marked a four-month high.
The result reflected an increase in both electronic and non-electronic exports. According to International Enterprise (IE) Singapore, electronics exports expanded 5.0% in January, far exceeding the 0.4% rise tallied in the previous month. Meanwhile, exports of non-electronic products increased 4.0%, which was also above the 3.2% expansion recorded in December.
On a month-on-month seasonally-adjusted basis, exports increased 1.6% in January, which contrasted the 0.2% fall tallied in December.
Author: Cecilia Simkievich, Economist