17 Oct '11, 1am

Singapore exports contract 4.5% in September 2011 compared to a year earlier

Singapore's non-oil domestic exports (NODX) contracted 4.5 per cent in Sept 2011 compared to a year earlier, due to a 14 per cent decline in electronic NODX outweighing the expansion in non-electronic NODX, IE Singapore said on Monday. -- ST PHOTO: TERENCE TAN Singapore's non-oil domestic exports (NODX) contracted 4.5 per cent in Sept 2011 compared to a year earlier, due to a 14 per cent decline in electronic NODX outweighing the expansion in non-electronic NODX, IE Singapore said on Monday. The 14 per cent dip in electronic NODX follows a 19 per cent decline in the previous month. The decrease was largely due to disk drives, which dipped 54 per cent, ICs, and parts of ICs. Year-on-year, non-electronic NODX expanded a marginal 0.9 per cent in Sept 2011. The rise in non-electronic NODX was led by pharmaceuticals, up 12 per cent, civil engineering equipment parts, up 54 per ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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