, Singapore

April NODX seen to slip to 8.7%

Headline NODX is expected to record a slightly softer growth, down from 10% in the previous
month.

Non-oil domestic export (NODX) figure for April is due today while final 1Q11 GDP numbers will be announced this Thursday.

In a statement, DBS Bank said demand weakness as well as supply chain disruption due to the calamity in Japan is likely to be manifested in the export sales data.

The bank pointed, however, that the impact is “likely to be limited and transient” as any potential downside to the headline number due to the effect from Japan will be offset by the surge in pharmaceutical exports seen in the previous months.

It added that electronics export sales “should see an improvement” given that the global electronics cycle has bottomed in February based on leading indicators such as the SEMI book-to-bill ratio as well as global semiconductor sales numbers.

According to DBS, demand from Asia has provided the biggest boost to export performance as “the US recovery has not been impressive thus far.”

The bank expects Asia to continue propelling export figures unless a stronger recovery is seen in the US in the second half of the year.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.