Taiwan December exports to show solid growth, CPI to edge up: poll
[TAIPEI] Taiwan's export growth in December probably stayed in the double digits, underpinned by year-end demand for the island's technology goods, a Reuters polled showed.
Exports were forecast to have expanded 10.4 per cent from a year earlier, easing from near four-year highs the previous month, according to the median forecasts of 10 analysts.
The brisk pace of exports reinforces strong factory activity seen in the Nikkei/Markit Taiwan PMI for December, at its best level in close to six years.
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.
The central bank kept its key policy rate unchanged for the second time after its quarterly rate-setting meeting last month, even though it warned of uncertainties in 2017, including trade protectionism which would hurt the island's exports.
The consumer price index, as a measure of inflation, likely edged up to 2.11 per cent in December, the poll showed.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Taiwan exports to US jump by record as China shipments fall