Taiwan’s exports orders likely rose further in December, external demand to be strong in near term

The Taiwanese export orders are expected to have risen further in December. The orders continued to rebound in November, owing to the demand from mainland China and the U.S. The export order growth, on an average was slightly higher in October and November, rising from 2.9 percent year-on-year in the third quarter to 3.6 percent year-on-year.

According to a Societe Generale research report, the export order in December is likely to have risen further to 9 percent year-on-year, driven by a strong favorable base effect. The export orders are expected to moderate in the first quarter of 2017 after the winter peak season. However, exports and production data are indicating towards strong external demand in the near term, added Societe Generale.