Singapore posts fifth month of lower non-oil exports

07/17/2013 | The Edge Singapore · Business Times (Singapore), The

Singapore's non-oil exports slumped 8.8% in June from a year earlier, the fifth consecutive month of decline. Noting that poor demand for electronics exports is unlikely to change anytime soon, DBS economist Irvin Seah said "external headwinds remain strong. Data from the U.S. have been mixed, and Europe is still stuck in recession."

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The Edge Singapore · Business Times (Singapore), The

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