NODX dips 2.5% in November

Slamming the 7.9% surge last month.

According to IE Singapore, on a y-o-y basis, NODX declined by 2.5 per cent in November 2012, in contrast to the 7.9 per cent increase in the previous month.

Here's more from IE Singapore:

On a 3-month moving average (3MMA) y-o-y basis, NODX expanded marginally by 0.4 per cent in November 2012, compared to the 2.6 per cent decline in the previous month.

On a m-o-m SA basis, NODX decreased marginally by 0.3 per cent in November 2012, following the previous month’s 1.2 per cent contraction, due the decline in non-electronic NODX which outweighed the increase in electronic NODX. On a SA basis, the level of NODX held stable at around S$14 billion in November 2012.

On a SA basis, non-oil retained imports of intermediate goods (NORI) increased by S$426 million from S$4,907 million in the previous month to reach S$5,333 million in November 2012.