Subscribers

Exports rise 0.9% in April, defy forecast of 3.4% fall

Some economists see uptrend continuing in coming months as global economy picks up

Singapore

NON-OIL domestic exports (NODX) kicked off the second quarter with a stronger-than-expected performance, and some economists expect this to continue in coming months as the global economy picks up.

NODX crept up 0.9 per cent from a year ago in April, defying the market's prediction of a 3.4 per cent decline. Last month's rise came on the heels of a 6.6 per cent drop in March.

NODX did even better when compared with the previous month. It bounced back from an 8.9 per cent slide in March to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes