Singapore's NODX up 9.1% in Feb, beating expectations

POSTED: 17 Mar 2014 09:31

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Singapore's non-oil domestic exports (NODX) rose by 9.1 per cent on a year-on-year basis in February, slightly beating expectations, as stronger shipments of petrochemicals and phamaceuticals offset a drop in electronics.

SINGAPORE: Singapore's non-oil domestic exports (NODX) rose by 9.1 per cent on a year-on-year basis in February, slightly beating expectations, as stronger shipments of petrochemicals and phamaceuticals offset a drop in electronics.

Electronic NODX contracted by 3.7 per cent year-on-year in February 2014, after the 17.0 per cent decline in the previous month, International Enterprises Singapore said in a statement.But domestic exports of chemicals soared 49.3 per cent year-on-year, while pharmaceuticals gained 21.8 per cent.A survey by Reuters showed that economists were expecting a 7.8 per cent rise in February NODX from a year earlier.

Measured month-on-month, Singapore NODX expanded by 7.2 per cent after January's 5.0 per cent contraction.

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