By: Huang Chiao-wen and Frances Huang
Taipei, Nov. 14 (CNA) The Ministry of Economic Affairs (MOEA) said Saturday that the ministry is expected to report a year-on-year decline in export orders in October for the seventh consecutive month, amid lingering weak global demand.
The year-on-year decline also reflects a relatively high comparison base created in October 2014, when Taiwan’s export orders totaled US$44.91 billion, up 13.4 percent from a year earlier, the MOEA said.
The MOEA is scheduled to release the October export data on Nov. 20.
Despite the additional year-on-year drop in export orders in October, the ministry said that the October figure could grow from September’s US$41.35 billion on the back of the launch of Apple Inc.’s latest iPhones: the 4.7-inch iPhone 6s and the 5.5-inch iPhone 6s Plus, which have attracted strong buying in the global market. [FULL STORY]