Tue. Jan 21st, 2020

Taiwan export orders fall for 10th consecutive month, according to Reuters poll

The tepid international demand of electronics and the intensifying trade war between China and the United States, continue to hurt Taiwan’s producer since its export orders fell for the tenth consecutive month in August, according to a Reuters poll.

The median prediction obtained from surveying 13 economists suggested a drop in exports by 2.3% from the previous year. However, forecasts included a fall of 4%, along with a minor rise of 0.7%.

Export orders for the month of July lessened fewer than their predicted value. August exports, however, surprisingly grew. This rise may indicate increased demand for electronics as we near the busiest shopping season of the year, in its last few months.

The export orders for Taiwan are a chief pointer to how the demand for Asian exports and electronic gadgets. These orders characteristically, by 2-3 months, headed actual exports.