According to official data released on Oct 18 by trade agency Enterprise Singapore (ESG), the higher growth was underpinned by expansion in both electronics and non-electronics sectors.
Singapore’s non-oil domestic exports (NODX) expanded by 12.3% y-o-y in September, extending the 2.7% y-o-y growth in August and beating the 8.4% penciled by private-sector economists in a Bloomberg poll.
This marks the tenth consecutive month of NODX expansion.
