FOREX TradingCharts.com

Financial News: Taiwan Inflation Eases Less Than Expected; Exports Fall

Taiwan Inflation Eases Less Than Expected; Exports Fall Further

11/08/2022 - 06:57:00 (RTTNews)

(RTTNews) - Taiwan's consumer price inflation eased less-than-expected in October, though slightly, data released by the Directorate General of Budget, Accounting & Statistics showed on Tuesday.

Exports declined for the second straight month in October, preliminary official data from the Ministry of Finance revealed.

Consumer prices rose 2.72 percent year-on-year in October, just below the 2.76 percent increase in September. Economists had forecast inflation to drop to 2.70 percent.

The price index for eggs grew 34.53 percent annually in October and that for fish and seafood rose 6.51 percent.

Prices for food away from home increased 6.40 percent, while the cost of communication equipment declined 5.45 percent.

On a monthly basis, consumer prices went up 0.12 percent in October, after a 0.05 percent mild rise in the previous month.

Data showed that the wholesale price inflation softened to 11.09 percent in October from 12.23 percent in the previous month.

Exports dropped 0.5 percent year-over-year in October, following a 5.3 percent decline in the previous month. Nonetheless, that was well below the 6.0 percent fall expected by economists.

Exports of plastics, rubber and articles thereof logged the steepest fall of 28.7 percent annually in October. This was closely followed by a 27.6 percent decline in base metals and articles of base metals.

At the same time, exports of electronic product parts rose notably by 15.9 percent.

Imports climbed 8.2 annually in October, in contrast to a 2.4 percent decrease a month ago. Imports were expected to fall by 3.5 percent.

The trade surplus shrank to $2.985 billion in October from $5.975 billion in the corresponding month last year. The expected surplus was $4.90 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected (02 hr(s), 43 min(s), 56 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Slovakia Q3 Jobless Rate Falls Slightly (03 hr(s), 16 min(s), 56 sec(s) ago)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story»

U.S. Employment Jumps More Than Expected In November (03 hr(s), 47 min(s), 56 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Eurocoin Indicator Falls In November (03 hr(s), 49 min(s), 56 sec(s) ago)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story»

Brazil Industrial Production Rises Unexpectedly (04 hr(s), 17 min(s), 56 sec(s) ago)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story»

Eurozone Producer Price Inflation Slows In October (04 hr(s), 44 min(s), 56 sec(s) ago)
(RTTNews) - Eurozone producer price inflation slowed for the second consecutive month in October r ...Full Story»

German Exports Fall Further Raising Risk Of Recession (05 hr(s), 01 min(s), 56 sec(s) ago)
(RTTNews) - Germany's exports declined for the second month in a row, as the global demand con ...Full Story»

Ireland Q3 Economic Growth Improves Slightly (05 hr(s), 02 min(s), 56 sec(s) ago)
(RTTNews) - The Irish economic growth improved marginally in the three months ended September, aft ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected

12/02/2022 - 09:42 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Slovakia Q3 Jobless Rate Falls Slightly

12/02/2022 - 09:09 AM (RTTNews)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story>>

U.S. Employment Jumps More Than Expected In November

12/02/2022 - 08:38 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Eurocoin Indicator Falls In November

12/02/2022 - 08:36 AM (RTTNews)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story>>

Brazil Industrial Production Rises Unexpectedly

12/02/2022 - 08:08 AM (RTTNews)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.