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Non-oil domestic exports declined by 21% in Dec 2008 compared to Dec 2007 due to lower electronic and non-electronic exports.

Retail sales declined by 3.4% in Nov 2008 over Oct 2008 with lower sales in major sectors such as department stores, furniture & household equipment and watches & jewellery. Catering trade declined by 2.6% in Nov 2008 over Oct 2008.

The preliminary GDP and sectoral growth performance for 4Q2008 & 2008 and CPI for Dec 2008 & 2008 will be released on 21 Jan 2009, 8.00a.m.

"Monthly Digest of Statistics, Dec 2008" released.

Real GDP declined by 2.6% in 4Q 2008, but is estimated to have grown by 1.5% in 2008. Real GDP growth in 2009 is expected to be between -2.0% and 1.0%.

The Import, Export, Singapore Manufactured Products and Domestic Supply Price Indices fell by 5.7%, 4.0%, 7.8% and 10.3% respectively in Nov 2008 over the previous month, due to lower oil prices.

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Last updated: 16 Jan 2009