July exports up 6% to beat forecasts, helped by non-monetary gold

Singapore

SINGAPORE'S non-oil domestic exports (NODX) continued to rise in July, up 6 per cent year on year and outdoing the 3.6 per cent consensus forecast among economists in a Bloomberg poll, according to data from trade agency Enterprise Singapore on Monday.

This was slower than June's 13.9 per cent expansion, revised down from the earlier 16.1 per cent figure, which had been driven by a low base in the year-ago period.

Still, OCBC chief economist Selena Ling upgraded her full-year NODX growth forecast to 4 per cent, up from 3 per cent, on the bac…

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