Singapore's non-oil domestic exports plunged 31% in February
Purchase this article for republication
Buy SPH photos
Singapore's non-oil domestic exports (Nodx) fell sharply last month from a year ago, as the Chinese New Year holiday hit shipments of pharmaceuticals and oil rigs. -- ST FILE PHOTO: ASHLEIGH SIM
Singapore's non-oil domestic exports (Nodx) fell sharply last month from a year ago, as the Chinese New Year holiday hit shipments of pharmaceuticals and oil rigs.
Nodx fell by 30.6 per cent year on year compared to a 0.4 per cent increase in January.
On a monthly basis, seasonally adjusted, Nodx dropped by 2.4 per cent in February, following the previous months's 1.8 per cent decline.
This was due to a contraction in non-electronic Nodx, which outweighed an expansion in electronic exports.
