According to the median expectations of five economists surveyed by the media, Singapore's non-oil domestic exports are likely to increase by 26.50% in July, up from 20.7% in June. DBS economists said in a report that export growth should continue to be dominated by electronic product shipments, supported by strong artificial intelligence-related demand for memory chips and server-related products. They added that under the favorable base effect, exports of non-electronic products may rebound, but petrochemical shipments are expected to remain weak due to continued disruptions in the Strait of Hormuz. The data will be released next Monday.
Zhitongcaijing · 3d ago
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According to the median expectations of five economists surveyed by the media, Singapore's non-oil domestic exports are likely to increase by 26.50% in July, up from 20.7% in June. DBS economists said in a report that export growth should continue to be dominated by electronic product shipments, supported by strong artificial intelligence-related demand for memory chips and server-related products. They added that under the favorable base effect, exports of non-electronic products may rebound, but petrochemical shipments are expected to remain weak due to continued disruptions in the Strait of Hormuz. The data will be released next Monday.
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