NODX makes unexpected turnaround in Sept

Singapore

A SURPRISE turnaround in non-oil domestic exports (NODX) in the closing month of the third quarter should dilute the return of fears of a technical recession when the final estimates for the July-to-September gross domestic product (GDP) are made.

NODX rose 0.3 per cent year on year in September, when the market had expected a fall of 3.9 per cent. The advance es…