FLTW - Taiwan's Export Boom Comes Off The Boil
- Taiwanese export data show the growth rate cooling in the second quarter, corroborating recent PMI survey findings of slower export gains as the global economy cooled amid further COVID-19 waves.
- Official data showed Taiwan's export orders rising some 31.1% above levels of a year ago in June, marking the sixteenth month of continuous year-on-year expansion.
- This slowing of growth in the Taiwanese PMI series corresponded with a cooling of global manufacturing output growth in June, which moderated to the slowest since February.
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Taiwan's Export Boom Comes Off The Boil