August’s showing is ahead of the 3.3% expansion forecast by private-sector analysts in a Bloomberg poll.
Things are looking up for Singapore’s trade sector, with non-oil domestic exports (NODX) expanding in August 2020 for the third consecutive month.
Official figures released by trade agency Enterprise Singapore (ESG) on September 17 indicated a 7.7% year-on-year expansion in August, widening from the 5.9% growth logged in July.
