Electronic NODX expanded by 35.1% on a y-o-y basis. Integrated circuits (IC), disk media products and personal computers (PCs) expanded by 52%, 166.8% and 36% respectively, contributing the most to the growth in electronic NODX.
Analysts have mixed sentiments on non-oil domestic exports (NODX) estimates for 2024 after Enterprise Singapore released August’s figures on Sept 17.
During the month, NODX grew by 10.7% y-o-y, carrying on from the 15.7% expansion in July. On a m-o-m seasonally adjusted basis, NODX contracted by 4.7%, following a 12.2% expansion in the previous month.
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