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Financial News: Singapore NODX Grows More Than Forecast

Singapore NODX Grows More Than Forecast

05/17/2018 - 00:28:00 (RTTNews)

(RTTNews) - Singapore's non-oil domestic exports increased at a faster-than-expected pace in April, data from the International Enterprise Singapore showed Thursday.

NODX surged 11.8 percent year-over-year in April, reversing a 3.2 fall in March. That was well above the 7.3 percent rise economists had forecast.

Exports of electronic products decreased 6.9 percent annually in April, following a 7.5 percent decline in the previous month.

Non-electronic NODX expanded strongly by 19.6 percent yearly in April, in contrast to a 1.7 percent fall in the preceding month.

On a monthly basis, NODX rose a seasonally adjusted 6.5 percent from March, when it slid by 2.2 percent.

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