Taiwan November exports forecast to show growth

Focus Taiwan
Date: 2019/12/07
By: Wu Chia-jung and Frances Huang

Taipei, Dec. 7 (CNA) Taiwan is forecast to report a year-on-year increase in exports for November, stopping a two-month losing streak, on the back of rising demand ahead of the upcoming Lunar New Year holiday, an economist said Saturday.

Lai Yi-hsin (賴怡欣), a senior research fellow at the Yuanta-Polaris Research Institute, said the think tank took into account the peak season effects of the fourth quarter of the year.

In addition, an increase in the number of working days in November compared with the same period last year will boost the export data, Lai said.

According to the Yuanta-Polaris's forecast, Taiwan's exports in November will show a 1.7 percent year-on-year growth, reversing the 1.5 percent decline in October and 4.6 percent drop in September.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.