UPDATE 1-Taiwan export orders fall most in nearly 3 years as tech slump drags on [Reuters]
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UPDATE 1-Taiwan export orders fall most in nearly 3 years as tech slump drags on | Reuters 4 Min Read * Feb orders fall 10.9 pct y/y vs -5.25 pct in Reuters poll * Orders from China down 14.3 pct y/y; U.S. down 5.5 pct * Ministry sees March orders down 6.8 pct to 9.2 pct * Expects orders to recover in second half TAIPEI, March 20 (Reuters) - Taiwan’s export orders fell the most in nearly three years in February as global demand for consumer electronics remained sluggish, pointing to a further slowdown in the export-reliant economy. Orders in February fell 10.9 percent from a year earlier to $28.9 billion, their biggest drop since April 2016, Ministry of Economic Affairs data showed on Wednesday. Demand contracted for the fourth month in a row and at a much sharper pace than the 5.25 percent median forecast in a Reuters poll. January orders dropped 6.0 percent from a year earlier. Taiwan’s hi-tech factories make it a leading indicator for global electronics demand, and the continued dr
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