Chart of the Day: Total trade up 2.9% in 2Q
The second quarter of 2012 saw the stabilisation in growth for total trade, says IE Singapore.
International Enterprise Singapore reported:
The second quarter of 2012 saw the stabilisation in growth for both total trade and NORX while NODX saw a second consecutive quarter of positive year-on-year (y-o-y) growth.
On a y-o-y basis, Singapore’s total trade grew by 2.9 per cent in 2Q 2012, following the 7.5 per cent expansion in the previous quarter.
NODX grew y-o-y by 3.9 per cent in 2Q 2012, following the previous quarter’s increase of 6.1 per cent.
Projected total trade and NODX growth in 2012 are both narrowed to between 4.0 and 5.0 per cent.