Singapore exports contract 16% in October 2011

Singapore's non-oil domestic exports (NODX) fell 16 per cent in October 2011 compared to a year earlier due to both electronic and non-electronic NODX, IE Singapore said on Thursday.

-- ST PHOTO: TERENCE TAN

Singapore's non-oil domestic exports (NODX) fell 16 per cent in October 2011 compared to a year earlier due to both electronic and non-electronic NODX, IE Singapore said on Thursday.

The latest decline follows last month's 4.6 per cent decline. Electronic NODX contracted 31 per cent in October, after the previous month's 14 per cent decline.

Non-electronic NODX reported a 6.7 per cent decline, in contrast to the 0.7 per cent increase the previous month.