TAIPEI (Reuters) – Taiwan’s exports could rise for the first time in a row in August, according to a Reuters poll, amid the conflict in Ukraine and China’s coronavirus 19 outbreak.
Taiwan is a major supplier to Apple (NASDAQ: AAPL), the global chip production center, and is Asia’s leading technology One of the product exporters. Trade data is seen as an important indicator of global demand for tech products.
A Reuters poll of estimated exports last month rose 9.5% year-on-year .2% is slower.
Exports forecast all projected growth but at 3% and .06%, reflecting the uncertain global economy, supply chain disruptions caused by China’s pandemic blockade, and Russia’s invasion of Ukraine.
Taiwan’s Ministry of Finance forecasts exports in August to increase by 8% to 12% from a year earlier.
In addition, the consumer price index is expected to increase by 3.12% year-on-year in August, slightly Below 3.36% July.
Inflation data will be released on Tuesday, followed by trade data on Wednesday.
(Poll compiled by Anant Chandak and Carol Lee; Reporting by Ben Blanchard; Editing by Edmund Klamann)
