POLL-Taiwan May export orders seen dropping for 7th straight month
Orders median forecast -4.8% y/y (prior month -3.7%)
Data due Thursday, June 20, 4:00 p.m. (0800 GMT)
TAIPEI, June 17 (Reuters) - Taiwan's export orders likely declined for a seventh straight month in May, a Reuters poll showed, as a slowdown in global tech demand continued to hurt the export-reliant island's economy.
The median forecast from the poll of 12 economists was for May export orders to drop 4.8% from a year earlier. Forecasts ranged from a slight growth of 0.3% to a decline of 8.5%.
Orders in April dropped 3.7% from a year earlier due to slowing global tech demand. A Reuters poll had forecast a 5.9% fall, and March orders had dropped 9% from a year earlier.
Taiwan's export orders are a leading indicator of demand for Asia's exports and for hi-tech gadgets, and typically lead actual exports by two to three months.
(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Subhranshu Sahu)
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