Sat, Jun 24, 2006 - Page 12 News List

Export orders better than expected, ministry says

AGENCIES , TAIPEI

The nation's export orders -- indicators of coming export shipments -- rose a higher-than-expected 26.01 percent last month from the corresponding month last year on continued expansion in the global economy and strong demand for technology products, the government said yesterday.

The value of orders last month reached US$24.6 billion (NT$804.6 billion), the Ministry of Economic Affairs said in a statement.

The growth rate for April was 18.57 percent higher than for April last year.

Industrial production also increased 8.6 percent last month from a year earlier after gaining a revised 6 percent in April, the ministry said.

"There was strong demand for consumer electronics in May," the ministry statement said.

"Within the information sector, demand for notebook computers and mobile phones stayed strong," the statement said.

Chang Yaw-tzong (張耀宗), the ministry's top statistician, said that export orders should continue their double-digit growth.

"Aside from the steady expansion of the global economy, demand from emerging markets will also stimulate demand for Taiwan's exports," Chang said.

He said that export orders were likely to increase more than 15 percent next year, after rising 19.2 percent this year.

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