Taiwan October Export orders Likely contracted Again, But at Slower Pace- Raeuters Poll

Taiwan export

Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday The median forecast from a poll of 13 economists was for export orders to fall 1% from a year earlier. Forecasts ranged from an expansion of 1.9% to a contraction of 5.4%. The island’s export orders, a bellwether of global technology demand, fell 3.1% in September, coming off a high base and supported by strong sales of new consumer electronics products like iPhones. The government has predicted last month’s export orders to be between 1% and 3.6% lower than those of October 2021. Taiwan’s export orders are a leading indicator of demand for hi-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

 

 

Related Posts
Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists
Gold prices

Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns Read more

Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher
Asia FX

Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as Read more

China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
China manufacturing

Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country Read more

South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI

South Korea's factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the Read more

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x