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

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".

In five of the last 10 months,…