Strong external outlook likely to benefit Singapore's exports
NODX in May rises 8.8% yoy; most economists fairly optimistic about export growth in the coming quarters
Singapore
SINGAPORE'S exports stayed resilient in May despite tightened Covid-19 restrictions, and economists believe the Republic is likely to continue riding on the global trade recovery despite some uncertainty ahead.
Non-oil domestic exports (NODX) in May rose 8.8 per cent year on year, extending the previous month's 6 per cent rally, according to Enterprise Singapore (ESG) on Thursday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
NTUC aims to do more to support PMEs, who now account for nearly half its membership
Daily Debrief: What Happened Today (Apr 25)
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Daily Debrief: What Happened Today (Apr 23)