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Taiwan gets less exports order in Nov, rises by 6% YoY

Taiwan gets less exports order in Nov, rises by 6% YoY

TAIWAN: The expectations for the November export orders of Taiwan have gone wrong as the export orders given this year are less than they were predicted to be a year ago, showed Ministry of Economic Affairs.

Exports orders in U.S. dollars increased 6 percent year-on-year, slower than the economists’ forecast for 8.3 percent growth. In October, orders rose 13.4 percent.

Shipments of information and communication products increased the most, by 16.6 percent. This was followed by shipments of other goods and household electrical appliances advancing 12.8 percent and 12.2 percent, respectively.

Month-on-month, orders fell 3.1 percent in November.