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NODX expands 2.7% in August, as low base effect tapers off

Felicia Tan
Felicia Tan9/17/2021 8:38 AM GMT+08  • 4 min read
NODX expands 2.7% in August, as low base effect tapers off
Electronic NODX grew during the month, while non-electronic NODX declined.
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Singapore’s non-oil domestic exports (NODX) expanded by 2.7% y-o-y in August, easing from the 17.2% y-o-y growth in July. The lower figure stems from the high base posted in 2020.y

The figures marked a softer-than-expected growth, disappointing market estimates of an 8.5% y-o-y growth.

According to official data released on Sept 17 by trade agency Enterprise Singapore (ESG), August’s NODX was due to growth in the electronics sector.

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