TAIPEI, Jan 19 (Reuters) – 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 8% from the year-ago period. Forecasts for growth ranged from 1% to 16.5%.
The island’s export orders, a bellwether of global technology demand, grew 13.4% 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. read more
Register now for FREE unlimited access to Reuters.com
Register
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 (AAPL.O).
The data for December will be released on Thursday.
Register now for FREE unlimited access to Reuters.com
Register
Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
