Taiwan Export Orders Fall
World Economy

Taiwan Export Orders Fall

Taiwan’s export orders fell at more than double the expected rate in April, underscoring the difficulties faced by the country as it seeks to diversify away from dependence on shipments to China, FT online reported. Export orders dropped 11.1% year-on-year in April, substantially farther than economists’ consensus forecast of -4.5% and compared to a March reading of -4.7%. The latest reading marked the 13th month of contraction for orders. With the exception of 9% growth in orders from Singapore, every major trading partner saw orders fall in April, most of them reaching double digits. Worst hit were export orders from Japan, which fell 24.3% year-on-year.


Short URL : http://goo.gl/E68dkh
  1. http://goo.gl/I0mm1B
  • http://goo.gl/JQOAZl
  • http://goo.gl/2ns8rO
  • http://goo.gl/I7a40p
  • http://goo.gl/Wxlx8G

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
One mining services company said it laid off more than 50 employees.
New laws and a crackdown on mining firms in Tanzania has...
Japan PM Announces $17.8b Economic Stimulus Package
Japanese Prime Minister Shinzo Abe said he would seek to...