Singapore’s non-oil domestic exports (NODX) continued its growth trend for the fourth consecutive month in March thanks to higher non-electronics shipments and a low base for electronics.
Official figures released by trade agency Enterprise Singapore (ESG) on Apr 17 showed that NODX had logged a 12.1% y-o-y increase in March, extending the 4.2% growth registered the month before.
March’s showing is also stronger than the median rise of 2.6% penciled by private-sector economists in a Bloomberg poll.
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