Taiwan July export orders seen rising for 17th straight month
Taiwan's export orders likely rose in July for the 17th consecutive month, a Reuters poll showed on Thursday, buoyed by strong sustained demand for technology products during lockdowns as millions of people work from home and take classes remotely.
The median forecast from a poll of 12 economists expects export orders to jump 20.85per cent from the year-ago period. Forecasts for growth ranged from 14per cent to 30per cent.
Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asia's exports, and typically lead actual exports by two to three months.
The island's June export orders, a bellwether of global technology demand, leapt 31.1per cent year-on-year to US$53.73 billion.
Taiwan's manufacturers, such as the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd, are a key part of the global supply chain for technology giants including Apple Inc.
The data for July will be released on Friday.
Source: www.channelnewsasia.com
