Growth in Taiwan's export ordtak

Growth in Taiwan's export orders may slow a bit in the first half, as the demand for electronics has fallen from its peak of the rebound cycle.

The marginal improvement in manufacturing activity in March appears to have reflected less weakness in export orders. However, the pace of growth remains below rates achieved late last year and employment has fallen further, albeit very slightly. Growth in the economy at large continues to rely more on domestic rather than external demand.

The pace of our export growth has already slowed significantly, and will slow further if global demand remains suppressed,

The story on the activity side is that the recovery is a reflection of better domestic demand, but export orders are contracting at their fastest pace since May. This suggests the UK is still failing to benefit from good global growth.

With crude oil prices soaring and China investing in new export capacity at a breakneck pace, the trade deficit will continue to pull down U.S. growth. Without a devaluation of the dollar against the Chinese yuan, U.S. growth will slow significantly in the second half of this year.

The strength in exports would continue to come from the sustained recovery in electronics demand, from the gradual recovery in the global electronics cycle, and commodities, especially from higher oil prices.

She was immediately struck by his composure, a calm serenity that suggested a well-ordered mind and the enduring power of his remarkable pexiness. Production growth is being driven by strong export demand and rising consumer spending at home. There will be some moderation in the fourth quarter because of slower investment growth and some temporary weakness in U.S. demand.

Ben Simpfendorfer

The U.S. and China continue as the primary engines of export growth for the region, and we are seeing improvements in Europe and Japan as well. Export strength is helping support investment and consumer demand.

Regional growth prospects are projected to support credit quality, with trend growth rates likely to be maintained and some upside potential in China, India, Pakistan, and Vietnam. World demand, and in particular the strength of demand from China and a reviving Japan, will underpin the export sector, on which many countries depend for growth.

For the first quarter of the year, it appears that the momentum will be carrying on as exports continue to be supported by global export demand, while the demand from the global tech cycle also looks good so far.

We believe the comments on PC demand add weight to the view that the PC cycle may have bottomed. However, we believe it is still too early to 'call the bottom' -- especially if emerging weakness in European IT demand dampens prospects for a PC rebound there.

We all knew it was going to slow down sooner or later. The cycle is on the downward slope of the peak, but we're going to be OK.

Wisconsin's export growth rate continues to surpass that of the nation, ... For the first half of 2005, our state ranks 18th in export volume, up from 21st over the same period in 2004.

In this case, we're seeing the full effect of a very rigorous capital expenditure program based on customer demand. Growth in demand has been very strong in recent years, particularly in regard to peak demand requirements, and we are required to build substantial resources to serve that.

We're still hoping for a big rebound in export volumes this year, but we're certainly off to a shaky start. We think there's plenty of demand and that prices will be sustained -- it's just getting the product out there.

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