Taipei-Taiwan exports are likely to increase for the 15th straight month in September, a Reuters study showed. As the global economy followed its path to recovery, it was boosted by strong demand for electronic products.
Taiwan, a global hub for chip production and a major supplier of Apple Inc., is one of Asia’s leading exporters of technology products, and trade data is seen as an important indicator of global demand for technology gadgets. It has been done.
Last month’s exports rose 25% year-on-year, a slight slowdown from August’s 26.9%, according to a Reuters poll of 21 analysts.
Export forecasts were widespread in the range of 12% to 29%, reflecting uncertainty over the global economic recovery and the ongoing supply chain disruption caused by the COVID-19 pandemic.
Separately, the Consumer Price Index (CPI) was expected to rise 2.20% year-on-year, compared to a 2.36% rise in August.
Inflation data will be released on Wednesday, followed by trade data on Friday.