EARLY UPTICK: With orders bouncing back from a June dip before the traditional peak in fall, the economics ministry forecast exports this year would beat last year’s record
Taipei Times
Date: Aug 21, 2018
By: Lisa Wang / Staff reporter
Export orders last month unexpectedly bounced back 8 percent year-on-year, thanks to growing demand for semiconductors and electronics components ahead of Apple Inc’s launch of its new iPhones, the Ministry of Economic Affairs said yesterday.
That easily exceeded the ministry’s estimates last month that export orders that month would grow by between 0.7 percent and 3.3 percent.
Export orders jumped to US$41.8 billion, from US$38.72 billion, getting back on a growth track after dipping 0.1 percent in June, ministry statistics showed.
Orders from China and the US grew the fastest, at 12.5 percent and 8.4 percent to US$11.74 billion and US$10.95 billion respectively, setting a July record, the ministry said. [FULL STORY]