Taiwan Export Orders up 9.3%

Demand from U.S., Europe down

Increasing at the slowest pace in 16 months, Taiwan's export orders in June rose 9.27%, the government said on July 23. As demand from America and Europe softened, the orders totaled $31.36 billion.

The lower-than-expected growth rate was down from May's rise of 14.46% and it was also the slowest growth rate since February 2007's 8.17% gain, said the economics ministry.

In June, orders from the U.S. fell 3.86% from a year earlier to $7.03 billion, while those from Europe increased 9.66% to $5.41 billion.

Meanwhile, Taiwan's industrial output in June rose 5.12% from the year-earlier month, compared with a revised 5.59% increase in May.

Copyright Agence France-Presse, 2008

TAGS: Trade
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