16 May '11, 9pm

First fall in exports in two-and-a-half years: Electronics exports fell 10.4 per cent on year, which followed a

SINGAPORE - The Republic's non-oil domestic exports fell unexpectedly in April from a year earlier, the first such decline in 19 months, due to a pullback in electronic and petrochemical shipments, higher fuel costs and supply chain disruptions following the Japan earthquake and tsunami. While analysts said they do not believe the decline in exports points to a dramatic shift in the otherwise healthy outlook for Singapore's economy, the data does suggest a degree of volatility is likely at this stage of the economic recovery. Exports fell 1.8 per cent last month from a year earlier, the first year-on-year fall since October 2009 and following a downwardly revised 9.9 per cent year-on-year expansion in March, data from IE Singapore showed yesterday. The fall last month contrasted with the median 8.5 per cent expansion forecast by economists. Compared with the previous month...

Full article: http://www.todayonline.com/Business/EDC110517-0000288/Fir...

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