Singapore's full-year NODX growth forecast untouched by low Q1 showing
NODX rose 1.1% yoy in first three months, much lower than 10.4% posted in previous quarter
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THOUGH non-oil domestic export growth was much lower in the first three months of 2018, Singapore's government planners have stuck to their earlier full-year forecast for NODX.
Trade promotion and enterprise development agency Enterprise Singapore is still looking at year-on-year NODX growth of 1-3 per cent for 2018, the same projection it made in February.
"Overall, the growth for both NODX and total trade is expected to remain firm in 2018 but ease from 2017's strong performance," the government agency said on Thursday when it reported the latest quarterly trade numbers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
