TAIPEI: Taiwan's export orders likely rose in May for the 15th month in a row, a Reuters poll showed, buoyed by strong sustained demand for technology products during lockdowns as millions of people work from home and take classes remotely.
The median forecast from a poll of 10 economists expects export orders to surge 40.15per cent from the year-ago period. Forecasts for growth ranged from 20.5per cent to 45per cent.Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asia's exports, and typically lead actual exports by two to three months.The island's April export orders, a bellwether of global technology demand, jumped 42.6per cent year-on-year to US$54.93 billion.
Taiwan's manufacturers, such as the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd, are a key part of the global supply chain for technology giants such as Apple Inc.
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