Tue, Aug 09, 2005 - Page 10 News List

Exports increase at a brisk pace

MICROCHIP GOLDMINE Shipments rose 5.3 percent year-on-year to US$15.43 billion last month on the back of recovering overseas demand for Taiwanese electronics

BLOOMBERG

The economy expanded by 9.5 percent in the second quarter from a year earlier.

Shipments to Japan, the world's largest economy after the US, increased 6 percent to US$1.2 billion after gaining 7.5 percent in June.

Sales to Europe rose 1.4 percent to US$1.7 billion, after falling 10 percent in June.

Taiwan's economy in the second half to December should benefit from better-than-expected economic growth in the United States, a recovery in the tech sector and the government's economy-stimulus measures, Hsu said.

Factors

Among factors affecting Taiwan's economy will be high crude oil prices globally, US interest rate trends, concerns about a further appreciation of the Chinese yuan and increases in the island's offshore production of high-tech products in percentage terms against total output of high-tech devices, the official said.

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