Singapore's exports fell unexpectedly, in another sign that the economy could be hit much harder by the global economy than initially thought.
The Republic's non-oil domestic exports contracted 4.5 per cent in September, compared to last year, a decline from August's 3.9 per cent expansion. This weak figure surprised many economists who had expected a 3.5 per cent expansion.
Electronics exports were again the culprit, falling 14 per cent in September, following a 19 per cent decline in August, reflecting the weak global economy. Exports of disk drives fell 54 per cent while parts of integrated circuits slumped 29 per cent.
And unlike in previous months, there was no support from the non-electronics sector, as non-electronics exports grew by just 0.9 per cent in September.
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