RTTNews - Monday, Taiwan's Ministry of Economic Affairs said export orders in April fell 20.90% year-on-year to US$25.12 billion. Meanwhile, economists had forecast a 25.4% contraction following another fall of 20.90% in March.
If counted in NT Dollars, the export orders amounted to NT$8.45 billion, down 12.15% over the same month of last year.
The ministry said in a separate report that industrial production fell 19.88% annually in April after a 26.03% decline in March. Production was expected to decline 25% in April.
Manufacturing production fell 20.35%, mining and quarrying output decreased 2.22% and electricity and gas supply decreased 7.35%. Moreover, water supply decreased 3.66% and buildings construction dropped 20.62%.
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