Saturday, November 29, 2014   

Taiwan exports surge on higher mobile demand
(07-21 17:46)

Taiwan's export orders in June rose 10.6 percent year-on-year to a 17-month high, largely boosted by continuing strong demand for electronic products, the government said Monday.
Export orders totaled US$38.82 billion in June after the highest on-year increase since 17.9 percent growth posted in January 2013, and were also up 2.1 percent from the previous month, the ministry of economic affairs said in a statement.
Orders for electronic items surged 17.0 percent on-year to US$9.79 billion as demand for mobile devices continued to grow and spurred business for the semiconductor and DRAM sectors, the ministry said.
Export orders -- those filed to manufacturers one or two months ahead of delivery -- are a key indicator for the island's export-reliant economy.
Export orders from mainland China and Hong Kong, Taiwan's leading overseas market, rose 14.5 percent on-year to US$10.21 billion, of which orders for electronic items saw the largest increase of 31.5 percent, the ministry said.
Orders from other major markets last month were also up year-on-year. US orders climbed 6.7 percent to US$9.41 billion while those from Europe rose 15.2 percent to US$6.86 billion over a year earlier.
Taiwan's economic growth has been buoyed by a steady recovery in developed countries as well as improved domestic consumption.
The economy grew 3.04 percent in the first quarter, slightly better than expected.
Full-year growth for 2014 was estimated to be 2.98 percent, putting Taiwan on course to enjoy its best year since 2011 when the economy posted a rise of 4.19 percent. --AFP
   
Other Business breaking news:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.