(Recasts, adds details)
* Sept orders +9.9% y/y vs +9% in Reuters poll
* Orders from China +31% y/y; U.S. +11.1% y/y
* Ministry sees Oct orders between +8.9% and +12.1% y/y
* Says outlook strong, but warns of pandemic ahead of winter
TAIPEI, Oct 20 (Reuters) - Taiwan’s export orders rose for the seventh consecutive month in September, helped by strong global demand for the island’s tech products, with Apple Inc rolling out a new iPhone.
Export orders, a bellwether of global technology demand, in September jumped 9.9% from a year earlier to $50 billion, Ministry of Economic Affairs data showed on Tuesday.
The data exceeded a 9% rise projected in a Reuters poll but was slower than a 13.6% increase in August.
The ministry said the performance was helped by continued strong demand for products such as laptops and tablets from people who have been forced to work from home around the world due to the COVID-19 pandemic.
Orders for electronics rose 29.7% on year, mostly due to stockpiling for new smartphones and demand from people working from home, the ministry added.
Taiwanese firms such as Foxconn and Taiwan Semiconductor Manufacturing Co Ltd (TSMC) are key suppliers to Apple, which last week launched its next-generation iPhone 12, with faster 5G connectivity.
Taiwan usually sees strong electronics orders in the third and fourth quarters ahead of the year-end holiday season when vendors launch new smartphone models.
The ministry expects export orders to rise between 8.9% and 12.1% in October from a year earlier, pushed by new consumer electronics products by major global brands coming to market, though it warned of uncertainly about the pandemic as the winter begins.
Taiwan’s manufacturers are a major part of the global supply chain for tech giants such as Apple and Qualcomm Inc.
Orders from the United States for Taiwan’s goods rose 11.1% in September from a year earlier, compared with 19.5% growth in August, while those from China soared 31% versus a 21% gain the previous month. European orders fell 12.2%, while those from Japan rose 10.1%.
Taiwan’s central bank last month revised up its growth outlook for the year amid signs the economy is bouncing back from the COVID-19 shock. (Editing by Jacqueline Wong)
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