Export orders expected to decrease 2.92% y/y in July.

By bne IntelliNews August 17, 2012
Taiwan's export orders is likely to decrease 2.92% y/y in July this year, after a decline of 2.62% posted in June. As reported by Dow Jones Global Equities News, the reason for this decline has been attributed to weak demand. The decline in export orders is likely to persist until at least September as companies prefer to clear their inventory before placing new orders amidst lingering global volatilities. Things however are likely to turn positive in the latter half as the global economy likely bottomed during the second quarter.

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