Taiwan Dec export orders seen rising for 22nd month in a row - Reuters poll
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 8per cent from the year-ago period. Forecasts for growth
ranged from 1per cent to 16.5per cent.
The island's export orders, a bellwether of global
technology demand, grew 13.4per cent 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.
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