Taiwan's export orders in January are expected to drop due to the week-long...
FILE PHOTO: A truck drive near containers at Keelung port, northern Taiwan, March 20, 2016. REUTERS/Tyrone Siu/File Photo
TAIPEI - Taiwan’s export orders in January are expected to drop due to the week-long Lunar New Year holidays, according to a Reuters poll, after a better-than-expected rebound in the prior month. The median forecast from the poll of 15 economists was for export orders to contract 9% from last year. Forecasts widely ranged from a decline of 26.5% to a growth of 0.5%.
December orders rose for the first time in 14 months, boosted by a pick-up in global demand for electronics amid easing trade tensions between the United States and China. 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.
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