TAIPEI- 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 percent from the year-ago period. Forecasts for growth ranged from 1 percent to 16.5 percent.
The island’s export orders, a bellwether of global technology demand, grew 13.4 percent 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.
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.
The data for December will be released on Thursday. — Reuters
