Singapore data: Exports rose more than expected y/y in December

Singapore Non-oil domestic exports (NODX) for December

• Higher than expected y/y
• Exports to China jumped

• Non-oil domestic exports +9.4 pct from year earlier (Reuters poll +5.8 pct, so a big beat)
• NODX +1.0 pct m/m after seasonal adjustment; reuters poll -5.5 pct
• Domestic exports of electronics +5.7 pcty/y

Singapore's NODX to United States -16.4 y/y in December

• To China +33.5 pct y/y
• To Europe -4.8 pct y/y 

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