TAIPEI - Taiwan’s export orders in June have dropped 3.4% y/y, driven mainly by poor demand from China, Europe and Japan. Notably, orders from China declined 1.9% y/y or 8.6% m/m, possibly mirroring the impact of recent tightening of cross-border trade in China. On the positive side, orders from the US stayed resilient, and orders from ASEAN held up. ANZ Bank says the second-half outlook will improve as the US market picks up and the global electronics sector remains upbeat.
Thursday, July 19 2018 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia