Tag Archives: inflation

Taiwan February exports seen flat, inflation to cool: Reuters poll

Taiwan February exports seen flat, inflation to cool: Reuters poll

TAIPEI (Reuters) – Taiwan’s exports are expected to be flat in February compared with a decline in January, but this was likely distorted by the Lunar New Year effect and coronavirus outbreak.

Exports were estimated to have been flat from a year earlier and compared with a worse-than-expected 7.6% decline in January, according to the median forecasts of 14 analysts polled by Reuters.

Forecasts ranged widely from a decline of 25.8% to growth of 19.4% amid uncertainties over the coronavirus outbreak that has disrupted global supply chains and led to closure of factories by tech manufacturers such as Apple’s main supplier Foxconn.

Analysts said the improved forecast was partly helped by last year’s Lunar New Year holiday which fell in February, meaning there were fewer working days in the month.

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 island’s first-quarter exports will suffer short-term impact from the outbreak, a finance ministry official said last month, who was cautious but not pessimistic about the full-year outlook.

Taiwan, whose largest trading partner is China, cut its estimate for 2020 economic growth to 2.37% last month as the outbreak threatened its export-reliant economy.

Inflation in February was seen easing to 0.3% from a year earlier, the poll found. That was sharply down from 1.85% in January – the highest in 21 months.

(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Jacqueline Wong)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source : Reuters Link