Taiwan Dec export orders seen rising for 22nd month in a row – Reuters poll

/
1 min read
Cargo cranes are seen moving containers at a container yard in Keelung

TAIPEI – Taiwan’s export orders likely rose in December for the 22nd straight month albeit at a slower pace, a Reuters poll showed on Thursday, due to supply chain issues and off last year’s high base.

The median forecast from a poll of 17 economists expects export orders to rise 8% from the year-ago period. Forecasts for growth ranged from 1% to 16.5%.

The island’s export orders, a bellwether of global technology demand, grew 13.4% year-on-year to $65.5 billion in November, faster than expected and a historic high due to sustained technology demand ahead of the year-end holiday shopping season.

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 manufacturers, including 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 December will be released on Thursday.

Breaking News
Investors bet on Bank of Canada setting G7 pace in move to neutral rates

(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Rashmi Aich)


tagreuters.com2022binary_LYNXMPEI0I03C-BASEIMAGE

tagreuters.com2022binary_LYNXMPEI0I03D-BASEIMAGE