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S'pore NODX beats forecasts but still down 0.5% in Oct

Economists see entrenched trade weakness till Q1 2016

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Published Tue, Nov 17, 2015 · 09:50 PM

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    Entrenched in a trade recession

    Singapore

    GROWTH in non-oil domestic exports (NODX) slipped back into negative terrain last month, according to trade promotion agency International Enterprise (IE) Singapore.

    A 0.3 per cent uptick in September had offered a glimmer of hope for a rebound, but the latest year-on-year drop in the NODX seems to support ANZ bank economist Ng Weiwen's view that "Singapore is entrenched in a trade recession".

    Singapore

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