Taiwan exports rose for 20th straight month

Taiwan exports

Taiwan exports seen rose for 20th straight month

TAIPEI, March 7 (Reuters) – Taiwan’s exports likely rose for the 20th straight month in February but at a slower pace, a Reuters poll showed, boosted by sustained demand for chips and hi-tech gadgets despite a week-long Lunar New Year holiday.

Read Mike Pompeo: US should recognize Taiwan as a free country

Taiwan, an international hub for chip production and a key supplier to Apple Inc (AAPL.O), is one of Asia’s major exporters of technology goods, and the trade data is seen as an important gauge of world demand for tech gadgets.

Taiwan exports last month were expected to have risen 15.5% from a year earlier, a Reuters poll of 15 analysts showed, slightly slower than the 16.7% gain in January.

The export forecasts ranged between a rise of 7.6% and 24.6%, reflecting uncertainties over the global economic recovery and ongoing supply chain disruptions caused by the COVID-19 pandemic.

The first week of February was marked by the week-long Lunar New Year holiday.

Separately, the consumer price index (CPI) was expected to have risen 2.7% from a year earlier, easing from an increase of 2.84% in January.

Check Out the Site Nestor Homepage for more stories like this one

Trade and inflation data will both be released on Tuesday. Poll compiled by Devayani Sathyan, Arsh Mogre and Carol Lee; Reporting by Ben Blanchard; Editing by Shivani Singh

Taiwan February exports seen rising for 20th straight month: Reuters poll  Reuters.com


Dean Nestor

Learn More →

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Generated by Feedzy
%d bloggers like this: