03.03.201503:28:00UTC+00Taiwan Jan Export Orders Rises At Faster Rate; Trails Expectation

Taiwan exports orders in December grew at a faster pace in January, but trailed the consensus estimate, figures from the Ministry of Economic Affairs showed Tuesday.

Exports orders in U.S. dollars increased 8.1 percent year-on-year after the 4.5 percent growth in December. This was slower than the 9.7 percent increase expected by economists.

Exports orders have been climbing since February 2014 and the latest figure was the highest rate of increase since October.

Shipment orders of infocomm products logged the biggest growth of 19.7 percent in January. Meanwhile, export orders of chemical products fell the most, by 11.9 percent.

Month-on-month, orders fell by a seasonally adjusted 3.2 percent in January.