The China Post
Date: July 17, 2016
By: CNA

TAIPEI — Taiwan is expected to report a year-on-year decline in export orders for June despite signs of that orders placed to Taiwanese electronics makers have started to pick up again, the Ministry of Economic Affairs (MOEA) said Saturday.

The expected decline in June largely reflects a relatively high comparison base of US$36.6 billion seen in the same month last year and would be the 15th consecutive month in which export orders fall, the longest sustained slump in Taiwan’s history, the MOEA said.

The previous record was 12 consecutive months of declines in orders during 2008 and 2009, when a financial crisis hit the global economy.

In May, Taiwan’s export orders fell 5.8 percent from a year earlier to US$33.73 billion due to a fall in Taiwan’s major outbound sales categories, including information/communication devices, electronics and precision equipment, base metal, petrochemical and machinery products, amid weak global demand.     [FULL  STORY]