Taiwan's export orders edge up amid rising China, US demand

The 1.9% rise ended 6 depressing months.

According to BBVA Research, Taiwan’s export orders increased in September by 1.9% y/y (in line with the consensus), ending six straight months of contraction.

Here's more from BBVA Research:

On a seasonally adjusted sequential basis, export orders grew by 3.9% m/m. The outturn followed recent positive exports data from China and Korea as the latest in a regional trend showing some improvement in external demand.

By country, orders from China (including Hong Kong) further accelerated to 4.8% y/y, in line with China’s recent stabilization of growth momentum. Demand from the US also increased, however European demand was negative.

The latest outturn suggests a positive outlook for Taiwan’s exports in Q4, furthering Taiwan’s rebound from this year’s second quarter, when the economy contracted by -0.2% y/y.