Singapore will release March non-oil domestic exports (NODX) data on 17 April . NODX is expected to have fallen 0.2% y/y, following a 2.4% y/y decrease in January-February, due to continued weakness in electronics exports.Electronics exports likely contracted 2.2% in March after a 3.5% fall in January-February. External demand remains weak, particularly from Asian countries. Sluggish export growth is likely to weigh on Singapore’s GDP growth, particularly at the start of the year. “We expect GDP growth of 3% in 2015, versus 2.9% in 2014”, Says Standard Chartered
The material has been provided by InstaForex Company – www.instaforex.com