Taiwan's exports likely to rise for 27th straight month in September

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Taiwan's exports likely to rise for 27th straight month in September

TAIPEI Reuters -- Taiwan's exports likely rose for the 27th consecutive month in September, though at a slower pace than in August, due to fears of a global recession, uncertainties due to the Ukraine conflict and COVID 19 flare-ups in China.

Taiwan, a global hub for chip production and key supplier to Apple Inc., is one of Asia's leading exporters of technology goods. Trade data is a good indicator of world demand for tech gadgets.

Exports last month were estimated to have risen 1.5% from a year ago, a Reuters poll of 19 analysts showed on Wednesday, slightly slower than the 2% rise in August.

The contraction of 5.83% and expansion of 5.1% were the main factors that affected the global economy, supply chain disruptions due to the pandemic lock-downs and power shortages in China, and Russia's invasion of Ukraine.

Taiwan's Finance Ministry has predicted that September exports could be in a range of a 3% contraction to a 1% expansion from a year earlier.

The consumer price index was expected to have increased by 2.7% in September from a year earlier, a faster rate than 2.66% in August.

The inflation data will be released on Thursday, followed by trade data on Friday.