Taiwan June export orders seen dropping for eighth straight month: Reuters poll

-A +A

TAIPEI (July 19): Taiwan’s export orders likely declined for an eighth straight month in June, a Reuters poll showed, as soft global electronic demand continued to hurt the export-reliant island’s economy.

The median forecast from the poll of 10 economists was for June export orders to drop 0.83% from a year earlier. Forecasts ranged from a growth of 2% to a decline of 5%.

Orders in May dropped 5.8% from a year earlier, more than expected, and April orders fell 3.7% on-year.

Taiwan’s export orders are a leading indicator of demand for Asia’s exports and hi-tech gadgets, and typically lead actual exports by two to three months.