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Taiwan's September exports seen falling 11.6% year on year, CPI to weaken further: poll

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Taiwan's exports in September likely fell 11.6 per cent from the same period a year ago, according to the median forecasts of 13 analysts polled by Reuters.

[TAIPEI] Taiwan's exports in September likely fell 11.6 per cent from the same period a year ago, according to the median forecasts of 13 analysts polled by Reuters.

The fall would mark the eighth month in a row that exports have contracted and raise the likelihood that the island's export-driven economy contracted in the third quarter.

Taiwan is one of Asia's major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.

Last month, Taiwan's central bank cut its benchmark interest rate for the first time in six years in a bid to stimulate flagging growth.

Meanwhile, the consumer price index, a measure of inflation, likely fell 0.48 per cent in September from the same month a year ago. CPI has fallen every month this year so far.

REUTERS

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