Halister News

(Bloomberg) -- Weak global demand means Taiwan’s exports declined for 13th month in a row in Feb., economists’ forecasts suggest, marking longest stretch since period to Oct. 2009.

• Exports fell 11.7% y/y following 13.0% decline in Jan., according to median est. in Bloomberg survey; ests. range from -15.1% to -8.0%; data due at 4pm local time
• Related data may show imports fell 8.3% y/y and trade surplus widened to $3.6b from $3.5b in Jan.: separate surveys
• Finance Minister Chang said on March 3 that Feb. exports fell more than 10% y/y; cited Lunar New Year holidays and Peace Memorial Day long weekend
• Taiwan’s export orders fell 12.4% y/y in Jan., worse than 10.5% decline est. in Bloomberg survey
• South Korea’s exports declined 12.2% y/y last month, extending run of negative prints to 14 months, data released March 1 showed