SINGAPORE, July 17 (AFP): Singapore's key exports grew at a slower 1.2 per cent in June, dragged down by a continued slump in electronic exports, the government said today.
Overall trade growth projections for 2007 was also revised downwards to 5.0 to 7.0 per cent from 8.0 to 10 per cent due to sustained declines in electronics shipments and a weaker-than- expected trade performance so far this year, International Enterprise Singapore (IE Singapore) said.
The trade promotion agency said non-oil domestic exports (NODX) expanded an annual 1.2 per cent to 14.3 billion Singapore dollars (9.47 billion US) in June, slower than the 3.7 per cent rise recorded in May.
Last month's NODX increase was also below the 2.2 to 14.0 per cent growth projected by analysts.
On a month-on-month seasonally adjusted basis, NODX rose 2.9 per cent compared with 1.4 per cent in May, IE Singapore said.
Total trade in June grew a mere 0.6 per cent to 71.93 billion dollars last month, it said.
Singapore key exports grow at weaker pace in June
FE Team | Published: July 18, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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