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Singapore non-oil exports swing to surprise 4.9% rise in February after 3 months of decline

Singapore's non-oil domestic exports (Nodx) rose 4.9 per cent last month after three straight months of decline.

This defied economists' expectations of a 1.6 per cent drop, as polled by Bloomberg, marking an uptick from its weak start in 2019. In January, exports fell 10.1 per cent compared to the same period last year.

While economists said the latest figures by Enterprise Singapore show encouraging signs and a potential stabilization of orders, it remains to be seen if this growth can be sustained.

Information on The Straits Times