Taiwan: Export orders remain weak – ANZ

Sandeep Kanihama FXStreet Contributor

According to analysts at ANZ, although the slump in Taiwan’s export orders continued in March on an annual basis with a reading of -9.0%, sequential data showed some improvement both at the headline level and in the electronics and infocomm product segments

Key Quotes

“We view this as an important development as these two segments account for close to 55% of overall export orders.”

“At the same time, we are cognisant that the Ministry of Economic Affairs (MOEA) has forecast a decline in export orders in April, implying that any recovery will be gradual.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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