Singapore March NODX +12.1% y/y (vs. expected +2.6%)

Singapore March NODX +12.1% y/y

  • expected +2.6%, prior +4.2%

For the m/m, +1.2% (SA)

  • expected -4%, prior +8.3%

Singapore non-oil domestic exports. Earlier this week we got the Monetary Authority of Singapore policy statement:

The next MAS policy meeting is scheduled for October ... if economic performance in SG continues to beat like this a tightening is on the cards with little doubt (its already expected even 6 months out).

Best in 2026

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