ECONOMY | Staff Reporter, Singapore

NODX in December to likely hit 12.2%: Moody's

Export momentum picked up during the peak holiday season.

Singapore's non-oil domestic exports (NODX) will be released on January 17. It's likely recovered to 12.2% YoY in December after a 9.1% rise in November, Moody’s Investors Service forecast.

According to its economic review, tech exports remain the bright spot, as they have been through 2017.

Momentum picked up during the peak holiday season. Electronic exports rose to a three-month high of 5.2% YoY in November, led by a 9.6% rise in integrated circuit exports and a 21.6% increase in disk media exports.

"Exports of non-electronics are a little more volatile but on net are doing well thanks to pharmaceuticals, a particularly choppy sector," Moody's added. 

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