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Taiwan’s Q1 export orders likely to show growth

2017-04-16

Taiwan’s Ministry of Finance is set to release the figures for export orders in March. It’s expected that Taiwan will post an eighth consecutive month of year-on-year increases.

 

Predictions suggest that the figures are likely to show an improvement over February, with export orders in March totaling between US$37.5-$38.5 billion. That’s a year-on-year increase of 2-5%. Analysts say that export orders in the first quarter of this year are likely to show a year-on-year growth of 8.9-9.9%.

 

The government statistics office says that the global economy began to make a comeback in the second half of last year. It said that new mobile devices, computers, and televisions are likely to have driven up demand. With the widespread proliferation of cloud computing, the internet of things, and the internet of vehicles, the statistics office expressed an optimistic outlook for the electronics, communications and panel sectors.