Singapore’s exports drop 12 percent in May from year ago, but show signs of improvement

October 12th, 2009 NEW DELHI - The government Monday ruled out any immediate withdrawal of the economic stimulus even though the economy has started showing signs of recovery. "Until the growth rate reaches 7 percent, it would not be reasonable to discontinue with economic stimulus.

September 25th, 2009 PARIS - France emerged from recession in the second quarter of 2009 as its GDP rose by 0.3 percent, the government's statistics office INSEE announced Friday. The economic expansion followed four consecutive quarters of contraction for the French economy, caught up in the global economic crisis.

September 8th, 2009 German exports up 2.3 pct in JulyFRANKFURT — German exports were up 2.3 percent on the month in July, showing their third consecutive monthly improvement, though industrial production fell 0.9 percent for the month, official data showed Tuesday. Germany exported goods and services worth euro70.5 billion ($101 billion) in July, the Federal Statistical Office said in a preliminary report.

September 8th, 2009 Japan's current account surplus down 19.4 percentTOKYO — Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the finance ministry said Tuesday. The current account surplus, Japan's broadest measure of trade with the rest of the world, was 1.27 trillion yen ($13.6 billion), the first year-on-year fall in two months, the ministry said.

August 16th, 2009 NEW DELHI - Though signs of an economic turnaround were starting to appear, a complete recovery for India's crisis-stricken exports sector would happen only by the year-end, according to an industry survey. "The quantum of decline on year-on-year basis may come down in the months ahead.

July 27th, 2009 NEW DELHI - Despite India's overall exports growth dipping considerably, exports from its special economic zones (SEZs) grew 50 percent during 2008-09, the government said Monday. "The value of exports made from SEZs during 2008-09 was Rs.99,689 crore against Rs.66,638 crore in the previous year, an increase over 50 percent," said Minister of State for Commerce and Industry Jyotiraditya M.

July 27th, 2009 NEW DELHI - India has seen an increase of 43.76 percent in its mango exports in 2008-09 as compared to the year before, a union minister said here Monday. "There was a drop in mango exports during 2007-08 due to quality deterioration on account of vagaries of weather, but in 2008-09 exports have picked up reflecting an increase of 43.76 percent in quantity terms," Minister of State for Commerce and Industry Jyotiraditya Scindia told the Lok Sabha.

July 24th, 2009 UK Q2 GDP down 0.8 percentLONDON — Official data shows Britain's economy shrank by 0.8 percent in the second quarter, the fifth straight quarterly decline and worse than analyst forecasts of a drop of 0.3 percent. The figure released Friday is a marked improvement over the 2.4 percent decline in the first quarter but confirms that the economy is still in recession.

July 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.

July 10th, 2009 China's June exports down 21.4 percentBEIJING — China's exports and imports fell again in June but declines were less severe than in May, data showed Friday, adding to signs the world's third-largest economy is recovering from its slump. Exports fell 21.4 percent in June from a year earlier, the government's Xinhua News Agency reported, citing the Chinese customs agency.

June 11th, 2009 China's May exports plunge by record 26.4 percentBEIJING — China's exports fell by a record margin in May as the global slump battered trade, while imports also fell sharply, data showed Thursday. May exports tumbled 26.4 percent from a year earlier, exceeding February's previous record drop of 25.7 percent, the Chinese customs agency reported.

June 9th, 2009 German exports plungeBERLIN — Germany, Europe's largest economy, saw its exports plunge nearly 30 percent in April as the global economic crisis continued to hurt demand for its products, the Federal Statistical Office reported Tuesday. The country saw exports drop to euro63.8 billion ($88.47 billion) in April, compared with euro89.5 billion in the same month the previous year — a drop of 28.7 percent.

June 2nd, 2009 May Auto Sales: General MotorsDETROIT — General Motors Corp. said Tuesday that its May U.S.

April 9th, 2009 NEW DELHI - India's industrial output fell 1.2 percent in February against a growth of 9.5 percent in the like month of last fiscal, while the provisional drop reported for January has been revised now to a marginal growth of 0.39 percent. As per data on index for industrial production (IIP) released Thursday, manufacturing output, which accounts for the bulk of the weight in the overall index, declined 1.4 percent in February, against 9.6 percent growth in the like month of last year.

March 16th, 2009 SINGAPORE - Singapore's economy is expected to recover slightly in the final quarter of 2009, just after sliding even deeper into recession during the first three quarters of the year, a survey by the city-state's central bank showed Monday. A poll of 20 economists and analysts by the Monetary Authority of Singapore in February showed they expect Singapore's gross domestic product (GDP) to fall 8.5 percent in the first quarter 2009 compared to the same period a year ago.