Exports weakened to 21.9% yoy in May, from +26.6% in April and a high of +36.4% in March. This was the second consecutive month of easing and the slowest pace of growth in three months, suggesting that global demand for the country’s exports is showing signs of weakness. The slowdown was due to slower growth in the exports of electronic & electrical (E&E) products and non-E&E manufactured goods. These were, however, mitigated by a pickup in the exports of major commodity products during the month.
Economic Highlights : Exports Slowed Down In May, Pointing To WeakerGlobal Demand -05/07/2010
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