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Taiwan January export orders seen rising for 23rd straight month – Reuters poll

TAIPEI : Taiwan’s export orders possible rose in January for the 23rd straight month, a Reuters poll confirmed on Friday, supported by sustained international demand for semiconductors and tech merchandise.

The median forecast from a poll of 13 economists expects export orders to rise 12.0per cent from the yr-in the past interval. Forecasts for development ranged from 4.1per cent to as excessive as 24.4per cent.

The island’s export orders, a bellwether of world know-how demand, rose 12.1per cent from a yr earlier to $67.9 billion in December, the very best month-to-month determine on report.

Taiwan’s export orders are a number one indicator of demand for hello-tech devices and Asian exports, and usually lead precise exports by two to 3 months.

The island’s producers, together with the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd, are a key a part of the worldwide provide chain for know-how giants together with Apple Inc.

The knowledge for January will probably be launched on Monday.

(Poll compiled by Devayani Sathyan and Carol Lee; Reporting by Ben Blanchard; Editing by Rashmi Aich)

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