Singapore Exports Cool as Government Predicts Slowing Demand
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Singapore’s export growth rose at a less-than-expected pace in July as shipments of pharmaceuticals and electronics cooled amid a weakening global economy.
Non-oil domestic exports climbed 18.2 percent from a year earlier, after a revised 28.5 percent gain in June, the trade promotion agency said in a statement in Singapore today. The median forecast of nine economists surveyed by Bloomberg News was for an increase of 20.1 percent.