The China Post
Date: July 9, 2016
By: CNA

TAIPEI–Nearly 60 percent of Taiwanese manufacturers expected their exports to rise in the second half of the year amid improved economic sentiment at home and abroad, according to a Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) survey.

The economic think tank said 59.8 percent of the polled manufacturers in its semi-annual survey said their exports would increase in the coming six months, up from 45.2 percent who felt that way in a similar survey conducted six months ago.

About one in six respondents (16.1 percent) said they expected their outbound sales to fall, compared with 26.8 percent who were pessimistic in the previous survey.

CIER President Wu Chung-shu said that although Taiwan’s exports have been haunted by weak global demand, a majority of local manufacturers now believe the situation will improve.

Taiwan’s exports fell year-on-year for the 16th consecutive month in May, and the losing streak could extend into June.     [FULL  STORY]