Taiwan’s export orders hurt by slower mobile device demand

Want China Times
Date: 2015-06-21

Taiwan’s export orders in May remained haunted by weakening demand for mobile devices from

Kaohsiung, Taiwan's largest port. (Photo/Kaohsiung City Government)

Kaohsiung, Taiwan’s largest port. (Photo/Kaohsiung City Government)

emerging markets, the country’s Ministry of Economic Affairs said Saturday, but it did not say whether the May figure will decline from a year earlier.

In April, Taiwan’s export orders fell 4% from a year earlier, the first year-on-year drop since July 2013, as demand from emerging markets for handheld devices showed signs of weakening.

A decline in orders for precision instruments and cell phone screens also affected the April figure.

Export orders for April totaled US$37.32 billion, down US$1.55 billion, or 4%, from a year earlier. The April figure was also down 2.9% from the previous month.

Economists are waiting in anticipation for the May export order data, to be released on June 23, after the government cut its forecast for Taiwan’s 2015 economic growth to 3.28% in late May from the previous estimate of 3.78%, citing slowing global demand.     [FULL  STORY]

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