Gov't expects recovery of exports in fourth quarter
October 9, 2012, 12:26 am TWN
TAIPEI--Taiwan's exports will rebound in the fourth quarter because of an improving world economy and the year-end buying season, the Ministry of Finance predicted yesterday.
Yeh Man tsu, director of the ministry's Department of Statistics, said there was room for optimism but also cautioned that demand in Europe and the United States was still sluggish, potentially holding back the momentum of some exports.
Yeh's remarks came as Taiwan's exports in September hit a 14-month high at US$27.17 billion and grew year-on-year for the first time in seven months.
Yeh said Taiwan's exports of electronics products and mineral products in September were the highest ever in a single month.