UPDATE 1-Taiwan exports orders beat forecast as tech sector growth picks up [Reuters]
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UPDATE 1-Taiwan exports orders beat forecast as tech sector growth picks up | Reuters Reuters Staff 2 Min Read * April export orders +9.8 pct y/y vs +8.85 pct f’cast * U.S. April orders +9.6 pct, China +13.6 pct * Ministry says May export orders value to fluctuate -0.3 pct to +2.3 percent compared to April By Roger Tung TAIPEI, May 21 (Reuters) - Taiwan’s export orders growth beat forecasts in April, as the island’s technology sector recovered from a weak first quarter for the industry. Orders for the trade-reliant economy rose 9.8 percent to $39.1 billion from the same period a year earlier, data from the Ministry of Economic Affairs showed on Monday. That was stronger than more modest growth of 3.1 percent in March and higher than the median forecast of 8.85 percent growth for April in a Reuters poll. The overall on-year growth was driven by a 12.1 percent increase in electronics orders and an 18.6 percent increase in machinery orders. However, information and communications product
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