Singapore non-oil exports rise better-than-expected 12.8% in January

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(The Straits Times)

Singapore’s non-oil domestic exports (Nodx) surged 12.8 per cent in January from the low base a year ago, driven by shipments of specialised machinery, non-monetary gold, petrochemicals and electronics.

This was the fastest pace of growth since June last year, and topped economists’ expectations for a 5.2 per cent rise, according to a Bloomberg poll. Nodx rose 6.8 per cent year-on-year last December, its second straight month of growth.

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