SINGAPORE- Singapore’s January non-oil domestic exports (NODX) increased 12.8 percent from a low base last year, official data showed on Wednesday, driven by shipments of specialized machinery, non-monetary gold, petrochemicals and electronics.
It marked the quickest pace of growth since June, and compared with economists’ expectations for a 5.4 percent rise, according to a Reuters poll. Exports climbed 6.8 percent in December, Enterprise Singapore said in a statement.
On a seasonally adjusted month-on-month basis, exports rose 7 percent in January, following the prior month’s downwardly revised 4.8 percent expansion. Economists had forecast a 2 percent rise. – Reuters