| Singapore's Electronics Sector Improving |
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| Written by Mike Buetow | |||
| Wednesday, 17 June 2009 10:25 | |||
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SINGAPORE -- Singapore’s electronics shipments fell 21.8% year-over-year earlier in May, to $2.7 billion.
It was the 28th consecutive monthly drop for the sector. Shipments were down 25.6% in April. However, according to the nation's purchasing managers’ index, manufacturing grew in May for the first time in nine months. Overall, Singapore’s exports, while still falling, narrowed their year-over-year losses in May, suggesting to some analysts that the recession is easing.
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