Taiwan’s export orders to recover for the second straight month

Taiwan's export order growth rebounded to -4.5% yoy in September from -8.3% yoy in August, thanks to a recovery in demand for electronics. 

Manufacturing PMI reports from different institutions indicated new order PMIs picked up to their highest level in five months in October. 

Hence, export orders are likely to have risen (in mom terms) for the second consecutive month in October. The yoy decline probably narrowed to 3.9% from 4.5%.