Singapore May exports in sharpest fall since Jan '06

Business Spectator
17 Jun 2008

SINGAPORE -- Singapore's non-oil exports unexpectedly fell 9.8 per cent in May after seasonal adjustments, the sharpest fall since January 2006, adding to worries about global demand even if the picture around Asia is mixed.

Compared with a year earlier, shipments fell 10.5 per cent to 12.4 billion Singapore dollars ($9.6 billion), trade agency International Enterprise Singapore said.

>>>> More