According to analysts at ANZ, although the slump in Taiwan’s export orders continued in March on an annual basis with a reading of -9.0%, sequential data showed some improvement both at the headline level and in the electronics and infocomm product segments
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“We view this as an important development as these two segments account for close to 55% of overall export orders.”
“At the same time, we are cognisant that the Ministry of Economic Affairs (MOEA) has forecast a decline in export orders in April, implying that any recovery will be gradual.”
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