UPDATE 2-Taiwan exports orders beat forecast as tech sector growth picks up [Reuters]
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Source: Reuters
Taiwan exports orders beat forecast as tech sector growth picks up | Reuters 3 Min Read TAIPEI (Reuters) - Taiwan’s export orders growth beat forecasts in April, as the island’s technology sector recovered from a weak first quarter, with goods such as auto electronics driving growth although communications products remained a soft patch. 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. From the previous month, export orders declined 7.7 percent. 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. Information and communications products, which includes smartphones and PCs, declined 0.3 percent. The ministry said in a statement orders
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