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Taiwan July exports seen stable, inflation slows - Reuters poll

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Taiwan July exports seen stable, inflation slows - Reuters poll
FILE PHOTO: A man rides a motorbike near Kaohsiung Port, Taiwan August 7, 2017. REUTERS/Tyrone Siu   -   Copyright  TYRONE SIU(Reuters)
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TAIPEI (Reuters) – Taiwan’s exports likely rose 0.5% in July from a year earlier, logging a second straight month of growth, according to the median forecast of 15 analysts polled by Reuters.

The island’s exports unexpectedly grew for the first time in eight months in June, as strong U.S. demand helped boost expansion amid the prolonged Sino-U.S. trade war.

Taiwan is one of Asia’s major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.

The export-reliant economy’s annual inflation rate in July is seen at 0.81%, compared with 0.86% in June, the poll showed.

(Poll compiled by Carol Lee, Reporting by Yimou Lee;; Editing by Rashmi Aich)

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