Exports slowed down to 18.4% yoy in February, from a strong double-digit growth of 37.1% in January, due to shorter working days as a result of the Chinese New Year holiday break. Despite the slowdown, this was the fourth month of increase in five months, pointing to a sustained recovery in global demand. Slower growth was reflected in a slowdown in the exports of electronic & electrical (E&E) products and non-E&E manufactured goods. These were, however, mitigated by a pick-up in the exports of major commodity products during the month.
Economic Highlights : Exports Slowed Down In February Due To Festive Celebration-05/04/2010
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