Singapore NODX dropped 8.8% in November

Here's what to blame.

According to the International Enterprise Singapore, on a year-on-year basis, NODX declined by 8.8 per cent in November 2013, compared to the 2.8 per cent growth in the previous month, due to a decrease in both electronic and non-electronic NODX.

On a y-o-y basis, NODX to all of the top 10 NODX markets, except China, the US and Taiwan, contracted in November 2013. The top three contributors to the NODX decline in November 2013 were the EU 27, Hong Kong and South Korea. On a y-o-y basis, NORX rose by 11.2 per cent in November 2013, after the 26.7 per cent increase in the previous month, due to both electronic and non-electronic NORX.

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