Singapore Exports Decline as Electronics Shipments Extend Slump

Bloomberg.com, 18 May 2009, Shamim Adam
May 18 (Bloomberg) -- Singapore’s exports fell for a 12th month in April, extending the longest slump in overseas sales since 2002, as the island’s manufacturers shipped fewer electronics to customers abroad.
Non-oil domestic exports dropped 19.2 percent from a year earlier, after contracting a revised 17.3 percent in March, the trade promotion agency said in a statement today. Economists had expected an 18.9 percent decline.
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