Nation unlikely to record exports growth: minister
October 10, 2012, 12:30 am TWN
TAIPEI -- Taiwan is unlikely to show a growth in exports for the whole of 2012, despite the increase in September that ended six consecutive months of year-on-year negative growth, Economics Minister Shih Yen-shiang said yesterday.
Unless there is high growth in October, November and December, which in not likely, the annual figure will not be positive, Shih said.
Taiwan's exports in September hit a 14-month high of US$27.17 billion, according to statistics released by the Ministry of Finance on Monday.
The figure represented a 10 percent monthly growth and an annual increase of 10.4 percent, the statistics showed.
The private Yuanta-Polaris Research Institute said the momentum may carry over to October but the growth will be smaller, despite the fact that companies are entering their peak-purchasing season.
The Taipei-based think tank said the economies in China and the United States have been improving gradually since the U.S. launched a third round of quantitative easing and Europe implemented the Outright Monetary Transactions program, which will help Taiwan's exports in October.