Taiwan to suffer further 1.5% dip in export orders

This is following a nine-month low manufacturing PMI.

According to BBVA, as a forward indicator for near-term export prospects in the region, Taiwan’s export orders will be watched to gauge the extent of the ongoing slump in global trade.

Here's more from BBVA:

The economy’s export performance has been very weak in the past two months, as manufacturing PMI dropped to a nine month low (46.1 in August). The recent slowdown in China’s economy, as evidenced by sluggish activity and trade, has further intensified concerns about Taiwan’s export outlook.

We expect year-on-year growth of export orders continue to decline in August (Forecast: -1.5% y/y), albeit at a slower pace. Orders from major export partners might show some signs of stabilization, although a meaningful recovery has yet to come.

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