By: Chiu Po-sheng and Frances Huang
Taipei, Oct. 3 (CNA) Finance Minister Chang Sheng-ford (張盛和) said Saturday that Taiwan is expected to report a year-on-year fall in exports for September as the prolonged Mid-Autumn Festival holiday and an interruption by Typhoon Dujuan worsened the country’s export performance.
Chang said that following sluggish pace in August, Taiwan’s exports continued to be affected by weakening global demand, while the fall in the first half of September was narrowed to a single digit pace compared with August’s 14.8 percent year-on-year decline.
Exports in the second half seemed to be impacted by a reduced number of working days resulting the long holiday of Sept. 26-28 and the Sept. 29 office closures for the typhoon, Chang said, adding that he is sure the Ministry of Finance (MOF) will report a year-on-year fall in exports for September. [FULL STORY]