Official data showed Taiwanese exports rising in June, but the modest gain looks likely to be short-lived as the export sector continues to face significant headwinds, as indicated by PMI survey data from IHS Markit.
First export growth in eight months
Finance ministry data indicated that Taiwan's exports rose at an annual rate of 0.5% in June, the first increase in eight months. Detailed data revealed that growth in shipments to the US was the key driver of exports.
Widely regarded as a gauge for global demand, the surprise gain in Taiwan's exports naturally raised