PREVIEW-Singapore Jan exports to drop 32.7 pct y/y

Fxstreet.com, 16 Feb 2009

SINGAPORE, Feb 16 (Reuters) - Singapore's non-oil exports in January are expected to drop by the biggest margin since September 2001 on the back of collapsing global demand for electronics, mirroring sharp declines in Taiwan and China.

Non-oil domestic exports may have tumbled 32.7 percent from a year ago, according to a median forecast from five economists. Adjusted for seasonal factors, exports were likely to be unchanged from December, the average forecast showed.

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