By: Central News Agency
Taipei, Nov. 20 (CNA) Taiwan’s export orders were valued at US$42.55 billion in October, representing a decline of 5.3 percent from the same month of last year, according to statistics released Friday by the Ministry of Economic Affairs (MOEA).
It marked the seventh consecutive monthly drop, the ministry said in a statement.
With the American and European markets entering the Christmas season, the MOEA said it expects that the traditional high demand during the season will help increase orders for the OEM assembly and related industrial sectors of Taiwan. The value of orders for information communication products reached US$14.32 billion in October, up 5.7 percent from the previous month and 11 percent from the same month of last year, the statistics show. [FULL STORY]