Reutersfxhub.com
14 Jul 2008
SINGAPORE (Thomson Financial) - Non-oil domestic exports in Singapore likely contracted for the second consecutive month in June on continued weakness in electronics demand led by the United States, a key export market.
The stronger Singapore dollar versus the U.S. dollar also likely weighed on demand.
Based on a Thomson IFR poll of economists, non-oil domestic exports in June probably fell 6.7 percent from a year earlier following the surprise 10.5 percent drop in May after pharmaceutical shipments tumbled.
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