Taiwan could report export order growth for 2nd straight month

Taiwan News
Date: 2016-10-15 06:40 PM
By: Huang Chiao-wen and Frances Huang, Central News Agency

Taipei, Oct. 15 (CNA) Taiwan is expected to report a year-on-year increase in monthly export orders for the second consecutive month in September, largely on the back of the launch of Apple Inc.’s latest iPhone models, the Ministry of Economic Affairs (MOEA) said Saturday.

The U.S. consumer electronics giant unveiled the 4.7-inch iPhone 7 and 5.5-inch iPhone 7 Plus on Sept. 7, with global sales rolled out on Sept. 16. The MOEA said that the new iPhones have been well received by the market, as a result of which local suppliers to Apple have benefited from increased orders from the U.S. firm.

The ministry is scheduled to release September export order data on Oct. 20. In August, Taiwan’s export orders rose 8.3 percent year-on-year to reach US$37.93 billion, ending a 16-month falling streak caused by weak global demand. The MOEA said that the improvements in export orders in August largely came from a rebound in orders enjoyed by the electronics sector, in particular orders from Apple, which was in the process of building up inventory in preparation for the launch of the new iPhones.     [FULL  STORY]

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