Taiwan’s export orders improve slightly in July

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Taiwan’s export orders recovered slightly in July, ending five successive monthly declines on improving demand from major markets including the United States and China, the government said Tuesday.

Export orders — orders filed to manufacturers one or two months ahead — are a key measure for the island’s export-reliant economy.

The July figure was $36.11 billion, up 0.5 per cent year-on-year and up 2.9 per cent from the previous month, the economics ministry said.

Orders from the Association of Southeast Asian Nations (ASEAN) economies rose 3.7 per cent year-on-year, while those from the United States and China were also up 2.8 per cent and 2.0 per cent, respectively, from a year ago.

Orders for the island’s signature electronics items added 2.8 per cent from last month or 0.3 per cent from a year ago, as demand picked up in China and the United States for semiconductor and other chips.

Orders for chemical and telecom products also increased 8.3 per cent and 2.7 per cent year-on-year, respectively, the ministry said.

Taiwan’s economy grew 1.32 per cent in 2012, its slowest pace in three years, and has shown signs of weakness in recent months due to slowing demand from its key markets.

The government last week revised its expectations for 2013 full year economic growth downwards to 2.31 per cent, citing a weaker global economic outlook and slowing exports and consumer spending in the second half.

 

 

 

Source : Channel News Asia | August 20, 2013

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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