MONTHLY RISE: The Ministry of Economic Affairs said that orders for PC chips and other integrated circuits increased thanks to brand vendors replenishing inventories

Taipei Times
Date: Oct 22, 2019
By: Natasha Li  /  Staff reporter

Export orders last month slipped 4.9 percent year-on-year to US$45.53 billion, the 11th consecutive month of annual decline, the Ministry of Economic Affairs said yesterday, adding however that on a monthly basis, they rose 13.7 percent.

Orders for information and communications technology (ICT) products declined slightly by 1 percent from a year earlier to US$15.42 billion last month as market demand for laptops and servers remained weak, the ministry said.

The ICT sector has nevertheless seen improvements, with orders increasing 47.2 percent on a monthly basis, after new smartphone models hit the market last month, it said.

Export orders for electronics declined 4.3 percent annually to US$12.37 billion, which the ministry blamed on a high comparison base, as well as falling prices for DRAM and passive components.
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