Singapore NODX Grows More Than Expected In November – Markets Insider

(RTTNews) – Singapore’s non-oil domestic exports grew at a faster-than-expected pace in November, data from the International Enterprise Singapore showed Monday.

NODX climbed 9.1 percent year-over-year in November, but much slower than the 20.5 surge in the previous month. Economists had expected a 6.4 rise for the month.

The rise in November was due to the growth in both electronic and non-electronic exports.

Exports of electronic products rose 5.2 percent annually in November, following a 4.5 percent increase in October. The expected rate of growth was 5.2 percent.

Non-electronic NODX expanded at a slower rate of 10.6 percent yearly in November, after a 28.1 percent surge in the preceding month.

On a monthly basis, NODX advanced a seasonally adjusted 8.7 percent from October, when it gained by 12.3 percent.

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