Singapore's non-oil exports rise 24.2% on AI demand but fall short of forecast
Singapore's non-oil domestic exports grew 24.2 per cent in July, driven by surging electronics shipments linked to artificial intelligence demand, but fell short of economists' forecast of 26.5 per cent, Enterprise Singapore reported on Monday.
Electronic exports nearly doubled, growing 112 per cent, with disk media products surging 339.1 per cent, personal computers up 120.8 per cent and integrated circuits gaining 84.5 per cent. Non-electronic exports contracted 2.3 per cent, led by a 56.7 per cent drop in pharmaceuticals, The Straits Times reports.