Singapore's January Exports Fall More Than Economists Estimated

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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