Nation unlikely to record exports growth: minister
CNATAIPEI -- 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.
October 10, 2012, 12:30 am TWN
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.