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Exports increase for third month on electronics sales

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Singapore’s exports increased for a third straight month in January as electronics manufacturers shipped more goods overseas, countering a decline in pharmaceutical sales, reported Bloomberg.

Non-oil domestic exports rose 20.8% from a year earlier, after a 26.1% gain in December, the trade promotion agency said in a statement today. The median forecast of 11 economists surveyed by Bloomberg was for an increase of 35%.

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