# Economists raise full-year NODX growth forecasts despite disappointing July reading

> Source: <https://www.businesstimes.com.sg/singapore/economists-raise-full-year-nodx-growth-forecasts-despite-disappointing-july-reading>
> Published: 2026-08-17 11:31:30+00:00

# Economists raise full-year NODX growth forecasts despite disappointing July reading

AI-related demand expected to continue to support electronics shipments after a strong H1 performance

[SINGAPORE] Economists have raised their full-year forecasts for Singapore’s key export growth, even after July’s non-oil domestic exports (NODX) reading came in below expectations.

Their forecasts were escalated on expectations that artificial intelligence-related demand will continue to support the electronics sector.

NODX grew 24.2 per cent year on year in July, extending a 20.8 per cent rise in June and marking a fifth straight month of double-digit growth.
