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Macro Economical Factors for Week Ahead - STI Singapore
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Publish date: Fri, 16 Nov 2012, 08:31 PM
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Non-oil domestic exports NODX rose by 7.9 % on a year-on-year (y-o-y) basis in October 2012, compared to the 3.6 % decrease in the previous month, due to an increase in non-electronic NODX which outweighed the decline in electronic NODX.Non-oil domestic exports (NODX) contracted year-on-year by 3.2 % in Q32012, in contrast to the previous quarter's 3.7 % growth.
The Ministry of Trade and Industry (MTI) announced Friday that it expects the Singapore economy to grow by around 1.5 per cent in 2012 and by 1.0 to 3.0 per cent in 2013.
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