Taiwan's export orders to edge up to 2%

And industrial production is also foreseen to increase to 4.7%.

According to DBS, export orders and industrial production for October will be released this week.

Here's more from DBS:

The monthly volatility of export orders is lower than that of exports. Exports surged to 10.4% YoY in September and then fell back to -1.9% in October, in part distorted by China's Golden Week holiday.

On average, exports still registered a positive growth of 4.3% YoY in Sep-Oct, up from -4.2% in August. By contrast, export orders, which are less affected by the seasonal and working day effects, improved only modestly to 1.9% in September.

We expect export orders to rise further marginally to 2.0% in October. The increase in demand should largely come from China – China's manufacturing PMI has returned to the 50 level in October and the subcomponents of new orders and production have both improved.

Mirroring the mild uptrend in export orders, industrial production in Taiwan is projected to rise to 4.7% YoY in October from 3.0% in September.

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