TAIPEI- Taiwan’s export orders likely grew for a second consecutive month in June after falling for the first time in two years in April, a Reuters poll showed on Tuesday, supported by demand for technology products.
The median forecast from a poll of 16 economists expects export orders to rise 5.6 percent from a year ago. Forecasts ranged for an expansion of between 1.2 percent and 9.3 percent.
The island’s export orders, a bellwether of global technology demand, unexpectedly fell 5.5 percent from a year earlier to $51.9 billion in April, taking a larger-than-expected hit from COVID-19 lockdowns in China and broader global supply chain disruptions.
But they returned to growth in May, expanding a better-than-expected 6 percent to $55.43 billion.
The government has predicted June orders to be between 3.3 percent and 6.1 percent higher than a year before.
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.
