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POLL-Taiwan export orders seen falling for 9th straight month in July

Credit: REUTERS/TYRONE SIU

Taiwan's export orders likely declined for a ninth straight month in July, a Reuters poll showed, as the island's manufacturers continued to feel the heat from slowing electronic demand amid the U.S.-China trade war.

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TWEXOR%3DECI poll data

Orders median forecast -5.9% y/y (prior month -4.5%)

Data due Tuesday, Aug 20, 4:00 p.m. (0800 GMT)

TAIPEI, Aug 16 (Reuters) - Taiwan's export orders likely declined for a ninth straight month in July, a Reuters poll showed, as the island's manufacturers continued to feel the heat from slowing electronic demand amid the U.S.-China trade war.

The median forecast from the poll of 11 economists was for July export orders to drop 5.9% from a year earlier. Forecasts ranged from a decline of 2.3% to 8%.

Orders in June dropped 4.5% from a year earlier, more than expected, with global companies increasingly hesitant to make new investments in machinery as the trade war wears on.

Taiwan's export orders are a leading indicator of demand for Asia's exports and hi-tech gadgets, and typically lead actual exports by two to three months.

(Poll compiled by Carol Lee; Reporting by Yimou Lee; editing by Gopakumar Warrier)

((carol.lee@tr.com; +886-2-87295103;))

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