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POLL-Taiwan June exports seen falling for 8th month; inflation slows

Credit: REUTERS/TYRONE SIU

Taiwan's exports likely contracted 4% in June from a year earlier, logging an eighth straight month of fall, according to a median forecast of 11 analysts polled by Reuters.

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

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

Exports median forecast -4% (prior month -4.8%)

Imports median forecast -0.52% (prior month -5.9%)

Trade balance median forecast $4.2 bln (prior month $4.49 bln)

CPI median forecast +0.86% y/y (prior month +0.94%)

Trade data due Monday, July 8, 0800 GMT; CPI due Friday, July 5, 0800 GMT

TAIPEI, July 3 (Reuters) - Taiwan's exports likely contracted 4% in June from a year earlier, logging an eighth straight month of fall, according to a median forecast of 11 analysts polled by Reuters.

Taiwan's May exports had dropped 4.8% from a year earlier, in line with forecasts.

Taiwan is one of Asia's major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.

The economy's annual inflation rate in June is seen at 0.86%, compared with 0.94% in May, the poll showed.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

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