SINGAPORE: After 28 straight months of decline, Singapore’s domestic shipments of electronic products made a surprise turnaround in December to help push overall non-oil domestic exports (NODX) up for a second consecutive month.
The NODX rose 2.3 per cent year-on-year last month after a revised 0.8 per cent increase in November, backed by a 0.4 per cent rise in the electronic NODX and a 3.2 per cent jump in the non-electronic NODX, according to figures released on Friday by trade promotion agency International Enterprise Singapore.
The NODX growth was unexpected – private-sector economists were looking at a 2.2 per cent fall – and came even though the non-electronic NODX’s increase was only nearly half of what it was in November.
