Taiwan’s export orders down for 15th straight month

Focus Taiwan
Date: 2016/07/20
By: Huang Chiao-wen and Lilian Wu

Taipei, July 20 (CNA) Taiwan’s export orders fell for the 15th consecutive month in June compared with a year earlier despite signs that orders placed to Taiwanese electronics makers were picking up again after a prolonged slump, according to statistics released Wednesday.

Taiwan-based companies received US$35.7 billion in export orders in June, down 2.4 percent year-on-year, the Ministry of Economic Affairs said, attributing the latest decline to the relatively high base of comparison of US$36.6 billion in orders seen in June 2015.

The 15 consecutive months of decline was the longest in Taiwan’s history, eclipsing the previous record of 12 consecutive months of decline in orders during 2008 and 2009 when a financial crisis battered the global economy.      [FULL  STORY]