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Singapore

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Surprise growth in NODX likely to be short-lived: economists

Worsening Covid-19 concerns may not have been fully felt yet by country's trading partners

Sharon See

Sharon See

Published Tue, Mar 17, 2020 · 09:50 PM
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Singapore

ALTHOUGH Singapore's export numbers defied expectations and moved into positive territory in February, economists believe the uptick is temporary amid a worsening global health crisis led by the novel coronavirus.

Non-oil domestic exports (NODX) grew 3 per cent year on year in February, reversing January's 3.3 per cent decline, according to data released by Enterprise Singapore (ESG) on Tuesday. Both electronic and non-electronic domestic exports grew.

Economists say the good showing could be due to the low-base effect stemming from Chi…

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