RHB | Singapore | Singapore NODX Picked Up In June; Advanced 2Q GDP Likely To Be Revised Higher

Economic Research	20 July 2015
Singapore
Economic Highlights
Singapore NODX Picked Up In June; Advanced 2Q GDP Likely To Be Revised Higher Singapore’s non-oil domestic exports (NODX) advanced 4.7% y-o-y in June, improving upon its -0.3% reading in May and +2.2% print in April. The substantial improvement points to an upward revision for 2Q 2015 GDP, which had an advance reading of +1.7% y-o-y. On a monthly basis, NODX gained 7.8% in June, after dropping 11.6% in May and 9.0% in April. Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 15 July 2015: Singapore GDP Stumbles On Weak Manufacturing 01 July 2015: Divergence Between Broad Money And Loan Growth To Correct In 2H 29 June 2015: Singapore Industrial Production Likely To Have Troughed 23 June 2015: Consumer Prices Slow Decline, But Core CPI A Cause For Concern   04 February 2015 :Money Supply Softened During 2014, But likely Gain Pace In 2015