SINGAPORE (Apr 17): Singapore’s electronics exports slumped in March by the most since 2013, an ominous sign that it will take longer for the city state to shake off a regional demand slowdown from earlier this year.

Electronics shipments dropped 26.7% from a year ago, weighing down overall non-oil domestic exports, which fell 11.7%. That was far worse than the 2.2% contraction forecast by economists in a Bloomberg survey.

The Chinese economic slowdown, uncertainty over US-China trade talks, and disruptions around the Lunar New Year holidays have soured exports numbers this year, especially in trade-reliant economies like Singapore’s. The city state’s critical electronics sector has contracted for 15 of the past 16 months after an unexpected surge across the region for much of 2017.

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