Singapore’s non-oil domestic exports (NODX) data for September 2023 accelerated sharply m/m but are still down on a y/y basis.
+11.2% m/m
- expected +3.2%, prior -6.6%
- m/m showed growing exports to China, Hong Kong and the U.S.
-13.2% y/y
- expected -14.7%, prior -22.5%
