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Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March

Felicia Tan
Felicia Tan4/19/2022 12:50 PM GMT+08  • 6 min read
Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March
View of Singapore's port as well as its central business district (CBD). Photo: Samuel Isaac Chua/The Edge Singapore
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As Singapore’s non-oil domestic exports (NODX) for March declined for the second straight month, most analysts are keeping their estimates for the year unchanged.

March’s NODX growth of 7.7% y-o-y, however, stood above well above Bloomberg’s median forecasts of 1.6% y-o-y.

The month’s NODX has also brought NODX growth for the 1Q2022 to 11.4% y-o-y, surpassing the NODX growth of 9.6% y-o-y in the corresponding period the year before.

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