Taiwan's export orders were down again in May compared with a year before but were up from April, indicating improved prospects due to a slowly recovering global economy, analysts said. A 2.9% year-on-year gain in U.S. orders was considered a particularly hopeful sign. "There is a strong likelihood that export orders could achieve year-on-year growth during the second half of the year if the U.S. economy continues its recovery and if orders for tech products increase during peak seasons," said Tony Phoo, a Standard Chartered Bank economist based in Taipei.

Related Summaries