NODX forecast readjusted downwards
IE S'pore pares NODX, total trade growth to between -5 and -4%, 1-2%
[SINGAPORE] With non-oil domestic exports (NODX) and total trade faring worse than expected in the first nine months of the year, it is highly unlikely that they will hit the official growth targets for 2013.
In light of this, for the second time this year, International Enterprise (IE) Singapore has pared its year-on-year growth forecasts for NODX and total trade to between -5 and -4 per cent and 1-2 per cent, respectively.
The growth forecasts for NODX and total trade were a respective 2-4 per cent and 3-5 per cent originally. These were lowered to 0-1 per cent and 2-3 per cent respectively in August.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story