17 Mar '11, 6am

Economists had expected February NODX to rise 10.8 per cent on-year.: Having said that, we have seen the launch

SINGAPORE: Singapore's non-oil domestic exports (NODX) in February expanded 7.8 per cent from a year earlier, the slowest growth in 16 months. The growth was much slower compared to the 21 per cent expansion seen in January, according to data released by trade promotion agency IE Singapore. Economists had expected February NODX to rise 10.8 per cent on-year. But the dip could be short-lived, as Singapore's semiconductor orders could get a boost from disruption to Japan's exports following Friday's devastating earthquake and tsunami. The poorer February figures were largely attributed to a contraction in the electronics segment, which shrank by 13 per cent on-year after rising 5.8 per cent in January. The decrease in electronics exports was largely due to a drop in demand for disk drives, parts of integrated circuits and PC parts. The pharmaceuticals segment was also weaker...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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