Singapore Exports Outlook Remains Strong Amid AI Boom
Dow Jones
Yesterday
0642 GMT - The outlook for Singapore's non-oil domestic exports remains strong, driven by the global artificial intelligence infrastructure build-out, Maybank economists say in a report. NODX rose 46.2% on year in August, marking the fastest pace of growth since October 1988. Semiconductor-equipment demand is still robust amid the expansion in global chip fabrication capacity. China's growing modern infrastructure spending is also driving up demand for specialized machinery and semiconductor chips. Maybank forecasts Singapore's 2026 NODX growth at 18%, above Enterprise Singapore's 14%-16% forecast.
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