Taiwan March export orders seen dropping for fifth straight month: Reuters poll
Reuters
Published Apr 19, 2019 03:32AM ET
Taiwan March export orders seen dropping for fifth straight month: Reuters poll
TAIPEI (Reuters) - Taiwan's export orders likely declined for a fifth month in March but at a slower pace than in the previous month, a Reuters poll showed, as a prolonged downturn in global tech demand hurts manufacturers in the trade-reliant economy.
The median forecast from the poll of 14 economists was for March export orders to drop 5.45 percent from a year earlier. Forecasts ranged from a decline of 10.3 percent to growth of 3.5 percent.
In February, Taiwan's export orders fell 10.9 percent, the most in nearly three years due to cautious machinery orders from China as the United States-China trade dispute wears on, pointing to a further slowdown for the island's economy.
Taiwan export orders are an indicator of demand for Asia's hi-tech gadgets, and typically lead actual exports by two to three months.
(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Richard Borsuk)
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Written By: Reuters
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