TAIPEI: Taiwan’s May export orders blew past expectations as the island’s factories rushed to meet demand for components, such as for Apple Inc’s upcoming iPhone 8, in a promising sign for global technology manufacturers.
The trade-dependent economy has expanded for four quarters underpinned by rebounding exports. Even though momentum may cool in the second half, global demand for Taiwan’s tech goods will bolster the economy and likely give the central bank leeway to leave interest rates on hold this week.
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