Chart of the day: Non-oil retained imports falls in September

This was after reaching a high of $9.5b in August.

This chart from Enterprise Singapore shows the Non-oil Retained Imports of Intermediate Goods (NORI) had declined from $9.5b in August to $5.7b in September, on a seasonally adjusted basis.

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This was on par with levels in September 2021($5.7b), though lower than 2021’s average ($6.3b).

According to the report of Enterprise Singapore, NORX grew by 20.2% in September 2022, following the 14.9% increase in August 2022 with both electronics and non-electronics increasing for the month.

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