Taiwan’s export orders up for 10th straight month in May (update)

Focus Taiwan
Date: 2017/06/20
By: Huang Li-yun and Frances Huang

CNA file photo

Taipei, June 20 (CNA) Taiwan reported a year-on-year increase in export orders in May, for the 10th consecutive month, at a time when global demand remains strong, the Ministry of Economic Affairs (MOEA) said on Tuesday.

In May, the country’s export orders rose 9.1 percent from a year earlier to US$36.81 billion as the world economy remains on the road to recovery, offsetting the impact of slow-season effects during the month, the MOEA said.

The ministry said the global recovery also minimized the impact of consumers waiting for the latest products to hit the market.

On a month-to-month basis, Taiwan’s export orders rose 3.4 percent, which after seasonal adjustments still represented an increase of 1.0 percent, according to data compiled by the MOEA.

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