Singapore exports grow faster

Maybank Kim Eng Securities analyst Lee Ju Ye said Singapore’s Nodx has risen by 5.9% in the year to date, in contrast to the plunge seen during the global financial crisis of 11% in 2009. Nodx dropped 14% in 2001 in the wake of the recession caused by the dot.com bus

SINGAPORE: Growth in Singapore’s non-oil domestic exports (Nodx) picked up last month, with shipments increasing 7.7% year on year, mainly driven by non-electronic goods, according to data from Enterprise Singapore (ESG) yesterday.

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