Taiwan’s January exports likely to shrink for third month: Reuters poll

12-Feb-2019 Intellasia | Reuters | 6:00 AM Print This Post

Taiwan’s exports are expected to have contracted 2.93 percent in January from a year earlier, according to the median forecasts of 14 analysts polled by Reuters.

The trade-reliant island’s exports dropped 3 percent in December from a year earlier.

Taiwan is one of Asia’s major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.

Taiwan’s annual inflation rate in January likely increased to 0.4 percent from a mild contraction of 0.05 percent the previous month, the poll showed.

Export orders in December had suffered their steepest fall in more than two and a half years, increasing concerns about global demand for the electronic gadgets pivotal for Taiwan’s economy.



Category: Taiwan

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