TAIPEI : Orders for Taiwan's exports likely contracted for a fifth month in January and at a faster clip than the prior month, a Reuters poll showed on Friday, as global demand for the island's technology-related goods continues to slow.The median forecast from a poll of 11 economists was for export order
TAIPEI : Orders for Taiwan's exports likely contracted for a fifth month in January and at a faster clip than the prior month, a Reuters poll showed on Friday, as global demand for the island's technology-related goods continues to slow.
The median forecast from a poll of 11 economists was for export orders to fall by 25.0 per cent from a year earlier. Forecasts ranged for a contraction of between 17 per cent and 31.8 per cent.Taiwan's export orders are a leading indicator of demand for high-tech gadgets and Asian 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.
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