◆ Exports slowed down further to 13.5% yoy in July, from +17.2% yoy in June and a high of +36.4% in March. This was the fourth consecutive month of slowing down and the slowest pace of growth in eight months, suggesting that exports are heading south, as global demand weakens and as high export growth due to the low base effect normalises. The slowdown was broad-based from the exports of electronic & electrical (E&E) products to non-E&E manufactured goods and major commodity products.
Economic Highlights - Exports Slowed Down Further In July, As Global Demand Weakens - 03/09/2010
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