Singapore exports grow at faster 7.7% pace in August

Non-oil domestic exports have now increased in six out of the seven months of this year, compared to only one month of gain in 2019.- ST

SINGAPORE (The Straits Times/ANN): Growth in Singapore’s non-oil domestic exports (Nodx) picked up last month, with shipments increasing 7.7 per cent year on year, mainly driven by non-electronic goods, according to data from Enterprise Singapore (ESG) on Thursday (Sept 17).

August’s increase was more than double the 3.3 per cent expansion forecast by private analysts in a Bloomberg survey.