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Quotes from Standard Chartered:
-Taiwan's domestic consumption shows increasing signs of a pick-up as well. Auto sales roseby 9.7% y/y in Q1, a sharp rebound from the 4.2% y/y decline registered for full-year2013; wholesale and retail sales registered their sixth consecutive month of y/ygrowth in February.
-Consumer confidence is also improving, having been on asteady upward path since 2013, aided mainly by expectations of higher householdincome and optimism over the job market outlook.
