Taiwan April exports slip for 8th month, but beat forecasts

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Taiwan April exports slip for 8th month, but beat forecasts
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TAIPEI : Taiwan's exports exceeded analyst forecasts but still contracted for the eighth straight month in April, as demand for its tech products remained soft, especially from its biggest market China.Exports last month were down 13.3 per cent by value from a year earlier at $35.96 billion, the Ministry

TAIPEI : Taiwan's exports exceeded analyst forecasts but still contracted for the eighth straight month in April, as demand for its tech products remained soft, especially from its biggest market China.

The island's export-driven economy contracted more than expected in the first quarter and slipped into recession. The ministry also reiterated that the weakness in exports would not turn around until the fourth quarter.

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