Taiwan September Exports Set to Rise for 15th Straight Month: Poll

By Reuters
Reuters
Reuters
October 5, 2021 Updated: October 5, 2021

TAIPEI—Taiwan’s exports likely rose for a 15th straight month in September, a Reuters poll showed, boosted by strong demand for electronic goods as the global economy traces its path back to recovery.

Taiwan, a global hub for chip production and a key Apple Inc. supplier, is one of Asia’s major exporters of technology goods, and the trade data is seen as an important gauge of world demand for technology gadgets.

Last month’s exports were seen rising 25 percent on the year, a Reuters poll of 21 analysts showed, slowing slightly from 26.9 percent in August.

The export forecasts ranged widely between a rise of 12 percent and 29 percent, reflecting uncertainties over the global economic recovery and the ongoing supply chain disruptions caused by the COVID-19 pandemic.

Separately, the consumer price index (CPI) was expected to rise 2.20 percent from a year earlier, compared with an increase of 2.36 percent in August.

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

By Ben Blanchard

Reuters