A poll released on Monday indicated that Taiwan’s export orders likely decreased once more in November as the global market for the island’s technology-related products slowed more quickly than it had in October.
A survey of 18 economists by Reuters produced a median prediction that export orders would decrease 11.2% from the previous year. Forecasts for a contraction ranged from 6.26% to 20%.
Taiwan’s export orders, which are a leading indicator of the demand for technology globally, dropped 6.3% in October, falling more sharply than anticipated due to sluggish consumer demand amid high inflation and ad-hoc interest rate hikes.
The Taiwanese government forecasts that export orders will decrease between 14.5% and 17.6% in November compared to the same month last year.
Taiwan’s export orders often arrive two to three months ahead of actual exports as a leading sign of demand for high-tech goods and Asian exports.
Taiwan Semiconductor Manufacturing Company (TSMC), the largest contract chip manufacturer in the world, and other manufacturers on the island play a significant role in the global supply chain for tech giants like Apple.
Experts say that if a sale of TikTok does go through, it would be one…
Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines,…
The popular video-sharing app’s owner will be told to sell its stake in nine months…
Investors were in optimistic mood on Wednesday as technology shares led the charge amid easing…
Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36…
PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the…