Tech demand powers Taiwan export order growth to two-year high
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TAIPEI (Reuters)-Taiwan's export orders grew at their fastest pace in nearly two years in June, boosted by strong demand for telecommuting products such as laptops, as the coronavirus pandemic forced millions of people around the world to work from home.
The island's export orders, a bellwether of global technology demand, jumped 6.5% in June from a year earlier to $41 billion, Ministry of Economic Affairs data showed on Monday.
The outcome exceeded a 1.2% rise projected in a Reuters poll and a 0.4% increase in May. It was the fourth consecutive month of gains and the strongest since August 2018.
The ministry, which has repeatedly warned of a difficult outlook for orders because of the coronavirus pandemic, said the better-than-expected performance was due to strong demand for semiconductors and telecommuting products.
