NODX growth forecast to hit 4-6% this year

This was due to a notable surge in 1Q17.

According to OCBC, IE Singapore increased its NODX growth forecast from 0-2% to 4-6% after non-oil domestic exports (NODX) growth surged 15.2% yoy in 1Q17, ending up topping all NODX markets with the exception of EU (-0.4%).

In addition, 1Q17 also marked the strongest quarter for NODX growth since 4Q10 (+17.6% yoy), and underpins the strength of the global demand and trade improvement.

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