Singaporean exports likely to have remained strong in December

Singaporean non-oil domestic exports figure for December is set to be released this week. According to a DBS Bank research report, the NODX is expected to have stayed strong but in single-digit in December. Exports are likely to have come in at 8.2 percent year-on-year. Though this is slightly off the double-digit rate in the earlier months, it is partially because of the base effect.

Export figures are expected to see some volatility in the months ahead as factories in China ramp up production before the Chinese Lunar New Year lull period. Beyond that, NODX should continue to be in expansion mode but slightly lower than about 10 percent in 2017, stated DBS Bank.

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