Taiwan September export orders seen rising for 19th month on robust chip demand: Reuters poll

19-Oct-2021 Intellasia | Reuters | 5:02 AM Print This Post

Taiwan’s export orders likely rose in September for the 19th straight month, a Reuters poll showed on Monday, buoyed by strong chip demand as the world emerges from the pandemic, while the end of the year holiday shopping season also aided sentiment.

The median forecast from a poll of 17 economists expects export orders to jump 17 percent from the year-ago period. Forecasts for growth ranged from 6.5 percent to as high as 26%.

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 nation’s export orders, a bellwether of global technology demand, leapt 17.6 percent from a year earlier to $53.5 billion in August, a strong performance but less than forecast on unexpectedly weaker demand for new smartphones.

Taiwan’s manufacturers, including the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (2330.TW),, are a key part of the global supply chain for technology giants such as Apple Inc (AAPL.O).

The data for September will be released on Wednesday.

https://www.reuters.com/world/asia-pacific/taiwan-sept-export-orders-seen-rising-19th-month-robust-chip-demand-2021-10-18/

 

Category: Taiwan

Print This Post

Comments are closed.