Singapore's NODX Growth Accelerates to 38-Year High
MT Newswires
Sep 17
Singapore's non-oil domestic exports (NODX) surged 46.2% year-over-year in August, following a 24.1% expansion the prior month, according to data from Enterprise Singapore released on Thursday.
The latest figure beat the consensus forecast of 35% tracked by Trading Economics and marked the sharpest pace of expansion since October 1988.
The performance was primarily driven by continued strong growth in electronics, supported by robust AI-related demand, mainly from integrated circuits, disk media products and personal computers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.