Taiwan exports tick up 3.2% in October

Question now is: Can it be sustained?

According to BBVA, Taiwan export orders improved in October, surprising to the upside with a 3.2% increase y/y (BBVA and consensus: 0.2%) from 1.9% y/y in September.

"The better-than-expected outturn is partially driven by solid demand from the US and more surprisingly, a jump in orders from Europe. Orders from ASEAN countries remain resilient as well," said BBVA.

"The coming holiday season will likely provide a boost to Taiwan’s export industry, but whether the recent trend is sustainable remains unclear given the uncertainties over the European debt crisis and concerns regarding the 'fiscal cliff' in the US," it added.

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