Singapore's exports rebound in December after nine months of contraction

Singapore non-oil domestic exports (NODX) in December +1.1 % m/m seasonally adjusted (Reuters poll -1.3 %)

• +2.4 % y/y (-1.8 %)

A nice beat indeed!

NODX to US +8.5 % y/y

• to China +9.8 % y/y
• to Europe +9.9 % y/y