Taiwan December export orders seen rebounding after 13 months: Reuters poll
Reuters
Published Jan 17, 2020 01:15AM ET
TAIPEI (Reuters) - Taiwan's export orders in December likely rose for the first time in 14 months, a Reuters poll showed, amid signs of a rebound in demand for electronic gadgets and fading concerns over the protracted U.S.-China trade spat.
The median forecast from the poll of 13 economists was for export orders to edge up 0.1% from last year, ending a losing streak since November 2018. Forecasts widely ranged from a decline of 4.5% to a growth of 1.7%.
Orders in November fell by a worse-than-expected 6.6%, with the government blaming weak market demand and disruption from the trade war despite signs of a pick-up in global demand for electronics.
Taiwan's export orders are a leading indicator of demand for Asia's exports and for hi-tech gadgets, and typically lead actual exports by two to three months.
(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Sherry Jacob-Phillips)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.