Apple Helps Taiwan Export Orders Resume Growth in August, Outlook Mixed
TAIPEI—Taiwan’s export orders unexpectedly expanded in August on strong demand for technology and new consumer electronics product launches like iPhones even as the island’s largest market China faced continued headwinds.
But the government said the outlook was mixed due to a series of uncertainties including high global inflation, increasing geopolitical risks and new COVID-19 strains.
Export orders, a bellwether for global technology demand, grew 2 percent in August from a year earlier to $54.59 billion, a record high for the month, said the Ministry of Economic Affairs on Tuesday. Analysts had expected a drop of 2 percent.
August’s rise followed a 1.9 percent annual contraction in July….