Singapore exports decline on European crisis

Note: This section contains information in English only.
Source: Bloomberg
Singapore exports tumbled in January, first time since November as European debt turmoil harmed demand for petrochemical and electronics shipments and the Lunar New Year celebration cut the number of working days. Non-oil home exports fell 2.1% on a yearly basis, compared to a 9% improvement in December. Economists predicted a drop of 1.6%. Deliveries to European region declined 14.5%.
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