Will exports still provide a boost to Singapore's economy?

Analysts have lowered their export growth forecast.

Singapore's export strength has been giving a fillip to its economy after emerging from the YoY contraction in November 2016.

To recall, Singapore's non-oil domestic exports (NODX) momentum surged in 1Q17. Specifically, NODX value rose by +15.2% YoY in 1Q17, a report by Morgan Stanley said.

However, looking at the prospects for the sector, economists and analysts surveyed by the Monetary Authority of Singapore lowered their growth forecast for NODX to 5.6%, down from the 6.1% seen last year.

"There have been questions on whether the export recovery could be sustained after April NODX saw a reversal from the previous strong growth and contracted unexpectedly," Morgan Stanley said.

It furthered, "Given MS global macro team’s view that the global expansion is now on a surer footing,as it is being driven by a recovery in private sector demand, we think the rising global tide will help to lift Singapore’s exporters and the weak NODX print in April is likely an aberration."

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia