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Taiwan Sept export growth seen cooling further: Reuters Poll

Taiwan Sept export growth seen cooling further: Reuters Poll

FILE PHOTO: A person walks near containers at Keelung port, northern Taiwan, October 30, 2015. REUTERS/Pichi Chuang

TAIPEI : Taiwan's exports likely rose for the 27th straight month in September though at a slower pace than in August, amid fears of a global recession, uncertainties due to the Ukraine conflict, and COVID-19 flare-ups in China, according to a Reuters poll.

Taiwan, a global hub for chip production and a key supplier to Apple Inc, is one of Asia's leading exporters of technology goods. The trade data is seen as an important gauge of world demand for tech gadgets.

Exports last month were estimated to have risen 1.5 per cent from a year earlier, a Reuters poll of 19 analysts showed on Wednesday, slightly slower than the 2 per cent rise in August.

The export forecasts varied widely between a contraction of 5.83 per cent and expansion of 5.1 per cent, reflecting uncertainties over the global economy, supply chain disruptions due to pandemic lockdowns and power shortages in China, and Russia's invasion of Ukraine.

Taiwan's Finance Ministry has predicted September exports could be in a range of a 3 per cent contraction to a 1 per cent expansion from a year earlier.

Separately, the consumer price index was expected to have risen 2.7 per cent in September from a year earlier, a faster rate than 2.66 per cent in August.

The inflation data will be released on Thursday, followed by trade data on Friday.

(Poll compiled by Arsh Mogre and Carol Lee; Reporting by Ben Blanchard; Editing by Kim Coghill)

Source: Reuters
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