Taiwan’s exports orders likely to have grown in October, indicates external demand recovery

Taiwan’s export orders growth is expected to have remained firmed in October. Growth in exports orders had alleviated to 3 percent year-on-year in September from 8.3 percent year-on-year, partially because of a solid negative base effect.

Thanks to the Apple supply chain cycle, which adds additional momentum to seasonal movements, there was a sharp increase in orders recorded in September that resulted in a much smaller sequential gain in October, noted Societe Generale in a research report.

According to Societe Generale, export order growth is expected to have grown around 4 percent year-on-year in October, a rise from 2.9 percent recorded in the third quarter. This possibly indicates towards a continuing external demand recovery, added Societe Generale.