Singapore's Exports Decline on Slumping Sales to U.S., Europe

Bloomberg.com
18 Aug 2008
By Shamim Adam

Aug. 18 (Bloomberg) -- Singapore's overseas shipments fell for a third month in July as companies shipped fewer electronics and drugs to customers in the U.S. and Europe.

Non-oil domestic exports slid 5.7 percent from a year earlier, after declining a revised 10.6 percent in June, the government's trade promotion agency said in a statement today. Economists had expected a 5 percent drop.

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