Chart of the Day: Total trade down 7.1% in August 2012

Total exports slipped by 5.9% while total imports fell by 8.3%.

International Enterprise Singapore reported:

On a y-o-y basis, total trade contracted by 7.1 per cent in August 2012, compared to the 2.9 per cent increase in the previous month. Total exports declined by 5.9 per cent in August 2012, after the 0.2 per cent expansion in the previous month. Total imports decreased by 8.3 per cent in August 2012, in contrast to the 6.0 per cent rise in the preceding month.

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