Singapore's non-oil domestic exports rose markedly in November, defying economists' expectations for a decrease, data from the International Enterprise Singapore showed Friday.
NODX surged 11.5 percent year-over-year in November, reversing a 12.0 percent sharp decline in the previous month. Meanwhile, it was forecast to fall by 2.7 percent.
Exports of electronic products grew 3.5 percent annually in November, in contrast to a 1.5 percent decline expected by economists. In October, exports had fallen 6.0 percent.
The increase in electronic domestic exports was largely due to ICs , parts of PCs and disk media products.
Similarly, shipments of non-electronic products expanded 15.3 percent, following a 14.6 percent decrease in the preceding month.
Month-on-month, NODX climbed 13.1 percent from October, when it slid by 3.6 percent.
For comments and feedback: editorial@rttnews.com