Local May export orders could drop for 14th straight month

The China Post
Date: June 20, 2016

TAIPEI —  Taiwan is likely to report a year-on-year decline in export orders for the 14th consecutive month in May, longer than the 12-month losing streak seen during the global financial crisis in 2008 and 2009, the Ministry of Economic Affairs said Sunday.

Taiwan’s export orders fe11 for the 13th consecutive month in April, when they were down 11.1 percent from the same period a year earlier, and the streak is expected to continue in May, a ministry official said.

Export order data, to be released by the ministry on Monday, will likely show that orders received in May by Taiwanese companies fell 7-8 percent from the same month of 2015, the official said.

Positive year-on-year growth in export orders is unlikely until the second half of the year, he added.

The continued weakness in the data stems from sustained declines in orders for information and communication technology products, high-end smartphones and notebook and tablet computers due to the sluggish global economy and weak demand, the official said.     [FULL  STORY]

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