TAIPEI (Reuters) - Taiwan’s export orders likely declined for an eighth straight month in June, a Reuters poll showed, as soft global electronic demand continued to hurt the export-reliant island’s economy.
The median forecast from the poll of 10 economists was for June export orders to drop 0.83% from a year earlier. Forecasts ranged from a growth of 2% to a decline of 5%.
Orders in May dropped 5.8% from a year earlier, more than expected, and April orders fell 3.7% on-year.
Taiwan’s export orders are a leading indicator of demand for Asia’s exports and hi-tech gadgets, and typically lead actual exports by two to three months.
Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Sherry Jacob-Phillips