23 August 2019

Taiwan export orders rebound in Feb, report says

Taiwan’s export orders picked up last month, helped by strong overseas demand for mobile devices and components, the Wall Street Journal reported Thursday. Export orders, an early indicator of actual exports in one to two months, rose 5.7 percent on year in February to US$30.71 billion, after a 2.8 percent decline in the previous month, the report said, citing Taiwan’s Ministry of Economic Affairs. The recovery in February also reflected the effect of the Lunar New Year break, which fell in mid-February in 2013 but started in late January this year, the report said. Orders from China and Hong Kong rose 12.4 percent last month, compared with a 3.9 percent year-over-year decrease in January. Orders from the US were up 2.3 percent in February, after a 5 percent fall in January, the report said.

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