Wednesday, December 2, 2009

POLL-Taiwan Oct export orders seen up, first rise in 13 mths

What/When: Taiwan October orders on Nov 23 at 0800 GMT

* Outcome: Orders likely up 4.6 pct y/y

* First gain since Sept 2008

* Industrial output seen +5.7 pct y/y in October

TAIPEI, Nov 19 - Taiwan's export orders likely rose 4.6 percent in October from a year earlier, the first gain in 13 months, as a recovery in the global economy spurs stronger domestic and external demand, a Reuters poll showed.

Orders, which have been falling since October last year, probably totalled $31.8 billion last month, based on the poll of 11 economists. The figure would be higher than $30.8 billion in September.

The return of strong consumer demand is vital for a sustainable global recovery from the worst economic crisis in generations, but consumer confidence in Asia's major Western export markets remains fragile.

Taiwan's industrial output in October is expected to have risen 5.7 percent from a year earlier, a rate of growth last seen in May 2008.

Forecasts for October export orders and industrial output (percentage change from a year earlier):

ORDERS OUTPUT

Citigroup 0.3 8.9

DBS 1.6 3.3

Taiwan Securities 2.9 5.0

Masterlink Securities 3.5 9.4

SinoPac 3.89 5.53

Chinatrust Commercial Bank 4.6 9.8

Polaris Research Institute 4.65 5.7

IDEAglobal 5.1 5.6

ING 5.8 6.2

Moody's economy.com 8.0 4.8

Forecast Ltd 9.24 10.3

Source:alibaba.com/

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