SOURED OUTLOOKS: It was the seventh straight month that the critical economic gauge posted a negative cyclical movement without any sign of improvement
Date: Jun 11, 2019
By: Crystal Hsu / Staff reporter
The nation’s exports last month fell 4.8 percent from a year earlier to US$27.72 billion, extending April’s 3.3 percent decline, as escalating US-China trade tensions cooled demand for most products and soured outlooks, the Ministry of Finance said yesterday.
“Firms have misgivings about doing business as uncertainty increases,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said.
It is the seventh straight month that the critical economic gauge posted a negative cyclical movement without any sign of improvement, Tsai added.
The Directorate-General of Budget, Accounting and Statistics last month projected that exports might remain negative for the rest of the year, rather than posting fractional growth as previously forecast. [FULL STORY]