Singapore's Non-Oil Domestic Exports Surge 38.4% in May

MT Newswires06-17

Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data on Wednesday.

The latest pace of growth topped the consensus forecast for a 30% expansion, tracked by Investing.com.

Meanwhile, the non-oil re-exports (NORX) rose 33.6%, extending the 29.6% growth in the previous month, primarily driven by the 47.5% increase in electronics NORX during the month in review.

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