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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (65844)	9/13/2002 2:25:57 AM
From: StanX Long	Respond to of 70976

These two articles look positive, Stan. Domestic exports tipped to show healthy growth By Jacqueline Wong sg.news.yahoo.com Friday September 13, 1:59 PM SINGAPORE (Reuters) - Singapore's domestic exports are expected to enjoy a second month of double-digit growth in August, propped up by gains in key electronic shipments to the United States and Asian markets, economists said on Friday. While the momentum was slowing, with U.S. new orders for electronics and the local economy's Purchasing Managers' Index (PMI) in August turning softer, economists noted there would be some lag before the effects show in the city state's exports. Six financial institutions surveyed produced an average forecast of 14 percent growth in year-on-year terms for non-oil domestic exports. Forecasts ranged from 10 to 21.4 percent. Singapore's non-oil exports rose a nominal 16.8 percent on year in July to S$8.67 billion ($4.9 billion), helped by shipments of non-electronics goods and a recovery in electronics, a key sector of the economy. "Overall growth Export surge feeds China's trade surplus Friday September 13, 10:53 AM sg.news.yahoo.com BEIJING (Reuters) - China said on Thursday its exports rose 25 percent year-on-year in August and 18 percent in the first eight months of 2002, buoyed by a steady growth in machinery and electronics shipments overseas. The August rise was weaker than the hot 28.1 percent jump posted in July, but falls in imports of oil products and soybeans helped boost trade surplus to $2.2 billion, the General Administration of Customs said. The surplus swelled from $1.38 billion a year earlier. August export growth released by the administration, the official benchmark, was different from the 23 percent rise reported by state television earlier on Thursday. August exports hit $29.4 billion, while imports rose 23 percent year on year to $27.2 billion, customs said.