Singapore's electronics exports slumped for 8 straight months

It dropped by 17.9%.

According to Maybank Kim Eng, electronics exports fell for the eighth straight month by -17.9% YoY.

Maybank said that within the cluster, the major dampeners were lower shipments of Integrated Circuits, Parts of PCs and Disk Drives which cancelled out the rebounds in shipments of Parts of ICs and Diodes & Transistors.

"The Chemicals cluster rose marginally by +0.7% YoY (Feb 2013: -32.1% YoY) on the rebounds in Pharmaceuticals exports (Mar 2013: +2.9% YoY; Feb 2013: -56.5% YoY) which gained for the first time in three months, and Petrochemicals which recovered by +1.4% YoY (Feb 2013: -3.7% YoY)," Maybank said.

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