NODX rebound reaffirms trade momentum; Maybank's 2017 GDP forecast raised to 3.4%

SINGAPORE (Nov 20): Maybank Kim Eng expects 3Q17 final GDP to come in at 5.1% against the advance estimate of 4.6%.

The research house’s GDP forecast is now at 3.4% in 2017 and 2.5% in 2018.

Non-oil domestic exports (NODX) showed a strong rebound in October as the decline recorded in the previous month proved to be a temporary blip. NODX surged by 20.9% in Oct from a year ago to reverse the 1.1% decline in Sept, boosted by both electronics and non-electronics.

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