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SINGAPORE ECONOMY

Forecasts raised after big jumps in NODX and trade growth

Non-oil exports were up 9.4% in Q2, tipped to grow 2.5-3.5% for full year; total trade upgraded to 5-6% for 2018

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For the first six months of the year, total trade rose 6.4 per cent to S$502.5 billion. China was Singapore's biggest trading partner, with two-way trade amounting to S$65.9 billion during the period.

Singapore

NON-oil domestic exports jumped 9.4 per cent year on year in the second quarter, up from 1.1 per cent in the first, driving government planners to raise the NODX's full-year growth forecast from 1-3 to 2.5-3.5 per cent.

Similarly, the projection for total merchandise...

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