Taiwan’s export orders up for 10th straight month in May


CNA

TAIPEI, Taiwan — Taiwan reported a year-on-year increase in its May export orders for the 10th consecutive month, at a time when global demand remained strong, the Ministry of Economic Affairs (MOEA) said Tuesday.

In May, the country’s export orders rose 9.1 percent from a year earlier to US$36.81 billion as the world economy remained on the road to recovery, which offset the impact resulting from slow-season effects during the month, the MOEA said.

The ministry said the global recovery also reduced impact from the moves for consumers to wait for the latest products to hit the market.

On a month-on-month basis, Taiwan’s export orders rose 3.4 percent, and after seasonal adjustments, the figure was up 1.0 percent, according to data compiled by the MOEA.