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]