Growth in Singapore's non-oil domestic exports

If you going to do business in Singapore, you would get benefit form your business for sure. Singapore is the one country in Asia which economic is growing ever Singapore is small country but their business fill is large for businessman who wants to invest.

Singapore's non-oil domestic exports (NODX) grew by 18 percent in July on an on-year basis, slower than the 28 percent rise in the previous month, latest official data showed on Tuesday.According to latest figures released by the trade promotion agency International Enterprise Singapore, the healthy increase was due to electronic and non-electronic NODX increase.Electronic NODX increased by 26 percent in July on a year-on- year basis, after the 44 percent rise in the previous month. Non- electronic NODX grew by 14 percent, after the 21 percent rise in the previous month.On a year-on-year basis, NODX to all of the top ten NODX markets increased. In particular, NODX to the Europe Union, by 26 percent, 35 percent and 35 percent respectively.On a month-on-month seasonally adjusted basis, non-oil domestic exports (NODX) decreased by 3.9 percent in July, after the previous month's marginal 0.1 percent decline.

In my opinion, this is a good news for Singapore that non-oil domestic exports grew because in every business companies or countries want their own business to grown up in every month and year.

Credit http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1075618/1/.html