Non-oil domestic exports (NODX)

“Pharmaceuticals formed the bulk of the growth in NOXD in April 2020, growing from the low base a year ago,” the trade agency said.

“With the one-month circuit breaker and the rising probability of an extension, there may still be downside to come for domestic economic indicators as economic activity has been restricted to only essential services,” says OCBC’s Selena Ling.

Defying expectations of a slowdown from the Covid-19 outbreak, Singapore’s non-oil domestic exports (NODX) reversed out of the red in February, beating consensus forecasts of a 4.6% decline.

The way economists see it, the coronavirus outbreak is not unlike a kick in the knees for Singapore, which had been just about showing signs of regaining its footing.

Official figures released by trade agency Enterprise Singapore on Friday pointed to a 2.4% y-o-y growth in December – reversing from the 5.9% contraction in the previous month.

Singapore’s investment banking, M&A activities hit record highs in 2019

SINGAPORE (Dec 17): Singapore’s non-oil domestic exports (NODX) contracted 5.9% year-on-year in November, as a decline in electronic exports outweighed the growth in non-electronics. 

SINGAPORE (Nov 25): “There are new things happening in new parts of the world, and we need to be part of that story.” — Prime Minister Lee Hsien Loong, wrapping up his official visit to Mexico at the invitation of President Andrés Manuel López Obr

SINGAPORE (Nov 19): Economists are mixed on prospects of a turnaround in Singapore’s economy, after non-oil domestic exports (NODX) slumped for the eighth consecutive month in October.