Taiwan's export orders fell for the eighth straight month in November, with prospects expected to stay bleak in coming months as the trade-dependent economy grapples with recession. The downtrend in Taiwan's export orders - a leading indicator of demand for Asia's exports and for hi-tech gadgets - contrasts with what is usually a peak holiday season of demand-driven cheer as a slowdown in China and weak global demand depresses the island's key technology shipments.
The economics ministry, which issued the data on Monday, said the value of orders in December could be lower than November, which was the steepest year-on-year fall since August. "December export orders are likely to reach around $40 billion, which would be an on-year decline of around 10 percent," Lin Li-jen, chief of the statistics department of the economics ministry, told a news conference.
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