Taiwan Dec export orders seen rising for 22nd month in a row

  • 1/19/2022
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For poll data click: Orders median forecast +8% y/y (prior month +13.4%) Data due Thursday, Jan 20, 4:00 p.m. (0800 GMT) TAIPEI, Jan 19 (Reuters) - Taiwan"s export orders likely rose in December for the 22nd straight month albeit at a slower pace, a Reuters poll showed on Thursday, due to supply chain issues and off last year"s high base. The median forecast from a poll of 17 economists expects export orders to rise 8% from the year-ago period. Forecasts for growth ranged from 1% to 16.5%. The island"s export orders, a bellwether of global technology demand, grew 13.4% year-on-year to $65.5 billion in November, faster than expected and a historic high due to sustained technology demand ahead of the year-end holiday shopping season. read more Taiwan"s export orders are a leading indicator of demand for hi-tech gadgets and Asia"s exports, and typically lead actual exports by two to three months. The island"s manufacturers, including the world"s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd , are a key part of the global supply chain for technology giants including Apple Inc (AAPL.O). The data for December will be released on Thursday.

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