Taiwan Export Orders in August Likely to Contract 2% as Demand Shrinks

Taiwan export orders are expected to drop for a second-straight month in August as the median of 13 economists pointed out to a drop by 2% from a year earlier with a wide range of 3.4% expansion to a 3.7% contraction.

The China largest market for technology was weakened, and continued its economic troubles. Unexpectedly, a bellwether of global technology fell in July. Orders shrank 1.9% to $54.26 billion from a year-ago period, which was larger than expected.

Taiwan’s export of hi-tech gadgets and chipmaking by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), is an important manufacturer for huge technology including Apple Inc.

The data for August is scheduled to be released on Tuesday.