17 Aug '11, 9pm

(TODAY) Singapore's NODX fell 2.8 per cent last month

SINGAPORE - Singapore's non-oil domestic exports (NODX) fell 2.8 per cent last month from a year earlier, dragged down by lower electronics shipments, surprising economists who had widely expected a gain of about 4.6 per cent. The slide was the largest since the 6.2-per-cent drop in October 2009, with general weakness was seen across all sectors. Electronics shipments fell 16.9 per cent last month from a year earlier, the sixth consecutive month of decline since February, the trade promotion agency International Enterprise Singapore said yesterday. Shipments to seven out of Singapore's top 10 markets posted a decline last month, with exports to the European Union, its largest export destination, down 11.4 per cent from a year earlier. Shipments to the United States fell 3.2 per cent on-year, but those to China grew 10.2 per cent. Non-electronics shipments, which include pe...

Full article: http://www.todayonline.com/Business/EDC110818-0000283/Sin...

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