POLL-Taiwan June exports grow faster as supply chain woes ease

For click on poll data: Reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TWCPIY%3DECI

Median export forecast +13.55% y/y (prior month +12.5%)

Median import forecast +24% y/y (previous month +26.7%)

Median balance forecast $3.26 billion (prior month $2.41 billion)

Median CPI forecast +3.5% y/y (prior month +3.39%)

Trading scheduled for Friday, July 8, 4:00 p.m. (08:00 GMT)

IPC due Wednesday, July 6, 4:00 p.m. (08:00 GMT)

TAIPEI, July 5 (Reuters)Taiwan’s exports likely rose for the 24th consecutive month in June and at a faster pace than in May, helped by easing supply chain issues and stronger technology demand, a government official showed on Tuesday. Reuters poll.

Taiwan, a global hub for chip production and a key supplier to Apple Inc AAPL.Ois one of Asia’s leading exporters of tech goods, so trade data is considered an important indicator of global demand for tech gadgets.

Last month’s exports are estimated to have risen 13.55% from a year earlier, according to a Reuters poll of 18 analysts, faster than the 12.5% ​​jump in May.

Export forecasts ranged between increases of 6% and 19.4%, reflecting uncertainties over the global economic recovery and supply chain disruptions caused by COVID-19 lockdowns in eastern China. and Russia’s invasion of Ukraine.

Elsewhere, the consumer price index is expected to have risen 3.5% from a year earlier, a slightly faster pace than a year-on-year increase of 3.39% in May.

Inflation data will be released on Wednesday, followed by trade data on Friday.

(Poll compiled by Devayani Sathyan, Anant Chandak and Carol Lee; Reporting by Ben Blanchard; Editing by Sonali Desai)

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