Exports decrease 4.8%, extending drop

SOURED OUTLOOKS: It was the seventh straight month that the critical economic gauge posted a negative cyclical movement without any sign of improvement

Taipei Times
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]

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