0323 GMT [Dow Jones] PREVIEW: Taiwan's May industrial output likely
contracted for the third consecutive month, dropping 2.7% on-year,
extending from April's 2.33% fall and March's 3.43% decline, according
to the median forecast of eight economists in a Dow Jones poll.
Economists say waning demand for Taiwan's electronic products amid the
global slowdown contributed to the decline and the island's output may
continue to face headwinds due to China's softening demand for
chemicals and base metals. "However, we expect a pick-up in
electronics sector output [driven by new products launches] should
support Taiwan's export growth towards the end of this year," says
Tomo Kinoshita, an economist at Nomura. The government is scheduled to
release the data Friday at 0800 GMT. (jenny.hsu@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 17, 2012 23:23 ET (03:23 GMT)
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