Taiwanese exports likely to have grown strongly in December – DBS Bank

Taiwanese exports are likely to have expanded robustly in the month of December. According to a DBS Bank research report, exports in Taiwan are expected to have risen 12.6 percent year-on-year, as compared with November’s pace of 14.2 percent. This will be in line with the positive data seen in the orders and PMI data.

Exports orders had surprised on the upside by expanded 11.6 percent in November, owing to still-strong demand for electronics, and additional rebound in petrochemicals, metals, and other commodities. In the meantime, the manufacturing PMI also came in a solid 56.6 in December, which is the highest reading since April 2011. If Taiwan’s exports growth come in double-digit as anticipated, the growth pace for the whole of 2017 will have reached 13 percent, stated DBS Bank.

“Given the outlook for global demand recovery as well as the high base effects, we expect export growth to moderate in 2018 but remain healthy at a high single-digit rate”, added DBS Bank.

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