Taiwan Sept Exports Drop For First Time In Two Years Outlook Poor
TAIPEI, Oct 7 (Reuters) - Taiwan's exports fell in September for the first time in more than two years on weakness in demand in major market China and stagnant consumer spending even as chip demand held up, with the government predicting more turbulence ahead.
Earlier on Friday, TSMC reported September sales leapt an on-year 36.4%, though slipped 4.5% compared to August, while on Thursday smaller competitor United Microelectronics Corp said sales last month rose 34.5% year-on-year.
Many companies expect global chip shortages to last at least for the rest of the year, which will continue to bolster Taiwanese semiconductor firms' order books even as demand for some consumer electronics weakens.
The finance ministry warned of trouble ahead from monetary policy tightening in the United States and Europe with manufacturing in various countries slowing significantly, saying there were "deepening doubts" about the outlook.
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As of January 1, 2018, California implemented a new law stipulating tighter safety measures new private pools need to feature to prevent unintentional drowning, including a self-closing gate and an automa
Ministry official Beatrice Tsai said exports were coming off a high base last year, when the COVID-19 pandemic boosted demand for work-from-home gear like tablets, but the "root case" was the effect of high inflation, monetary policy tightening, and stagnant consumer demand from the cooling of China's economy.
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