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Taiwan Feb. Export Orders Rise More Than Expected

3/20/2012 5:00 AM ET

Taiwan's export orders increased at a sharply faster rate than economists expected in February, data released by the Ministry of Economic Affairs showed Tuesday.

Overall export orders increased 17.6 percent on an annual basis to $33.953 billion in February, markedly faster than the 11.5 percent growth economists forecast.

New orders from America climbed 19.35 percent annually, while export orders from Asia advanced 15.79 percent. There was an 18.30 percent annual growth in new orders from Europe during the month.

On a monthly basis, export orders in Taiwan increased 7.84 percent in February, the agency said.

by RTT Staff Writer

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