By: Liao Yu-yang and Frances Huang
Taipei, Feb. 22 (CNA) Taiwan continued to feel the pinch of weakening global demand, reporting the third consecutive month of year-on-year decline in export orders in January, the Ministry of Economic Affairs (MOEA) said Friday.
According to data compiled by the MOEA, export orders placed with Taiwanese firms in January fell 6.0 percent from a year earlier to US$40.49 billion after a 10.5 percent fall in December and a 2.1 percent drop in November.
On a month-on-month basis, the January figure was down 6.7 percent and after seasonal adjustments, it was also down 0.8 percent, the data indicates.
The MOEA said that due to trade tension between the United States and China that continued to create uncertainty over global demand, coupled with the slow-season effect in the electronics industry, Taiwan’s exporters saw their orders affected. [FULL STORY]