Taiwan Nov exports seen surging for 17th month in a row: Reuters poll

Investing.com - Financial Markets Worldwide

Please try another search

Economy6 hours ago (Dec 05, 2021 11:10PM ET)

Taiwan Nov exports seen surging for 17th month in a row: Reuters poll
© Reuters. A police boat with a Taiwan flag sails at the Port of Taipei in Taipei, Taiwan, February 9, 2021. REUTERS/Ann Wang

TAIPEI (Reuters) – Taiwan’s exports likely rose for a 17th straight month in November, a Reuters poll showed, boosted by sustained demand for chips and technology, and ahead of the key end-of-year holiday shopping season.

Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:), is one of Asia’s major exporters of technology goods, and the trade data is seen as an important gauge of world demand for tech gadgets.

Exports last month were expected to rise 23.3% from a year earlier, a Reuters poll of 20 analysts showed, slightly slowing from a 24.6% gain in October.

The export forecasts ranged widely between a rise of 10% and 33%, reflecting uncertainties over the global economic recovery and ongoing supply chain disruptions caused by the COVID-19 pandemic.

Separately, the consumer price index (CPI) was expected to rise 2.5% from a year earlier, compared with an increase of 2.58% in October.

The trade and inflation data will both be released on Tuesday.

(Poll compiled by Carol Lee; Reporting by Ben Blanchard; Editing by Rashmi Aich)

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Leave a Reply