Wed, Nov 24, 2004 - Page 11 News List

Export orders surge to record high on strong demand

STAFF WRITER, WITH AGENCIES

Export orders rose 25.46 percent to hit a monthly record US$20.25 billion last month, the Ministry of Economic Affairs said in a statement yesterday. The figure beat a previous record of US$19.5 billion set in September.

The advance was boosted by continued outsourcing from Japanese companies as well as stable demand from Europe and the US for the nation's electronic goods, the ministry said.

Orders for Taiwan's electronic goods rose 31.21 percent to US$4.46 billion last month as a result of increased outsourcing, the ministry said.

Those for information technology and communications goods advanced 22.38 percent to US$4.19 billion last month due to strong demands for personal computers, the ministry added.

For the first 10 months of this year, export orders -- indicative of shipments in one to three months -- totaled US$175.54 billion, up US$36.41 billion or 26.17 percent from a year ago.

Still, the nation's manufacturing activities have started to lose traction as industrial production rose 2.91 percent last month from a year earlier, after increasing 8.1 percent in September, according to the same report.

Soft growth momentum was seen across the board, with industrial production for information technology showing a 1.38 percentage point growth last month, while production for water and electricity sector registered a negative 0.81 percentage point growth from the same period last year.

Industrial production for housing construction, however, reported a 8.82 percent increase last month.

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