By: Huang Li-yun and Frances Huang
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.