The decline in Singapore’s exports deepened in the first month of the year, clouding the economic outlook before the next monetary policy decision due in April.
Non-oil domestic exports fell 9.9 percent in January from a year earlier, worse than the median estimate of a 7.6 percent drop in a Bloomberg News survey and the 7.2 percent decline in December, a government report showed Wednesday.
Electronics shipments slid 0.6 percent from a year earlier, and petrochemical exports plunged 18.3 percent. Pharmaceuticals rose 6.9 percent.
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