TAIPEI (Reuters) - Taiwan's export orders likely fell for a tenth straight month in August, but at a slightly slower pace, a Reuters poll showed, as tepid global demand for electronics and the escalating U.S-China trade war continued to hurt the island's manufacturers.
The median forecast from the poll of 13 economists was for export orders to drop 2.3% from a year earlier. But forecasts ranged widely from a decline of 4% to slight growth of 0.7%.
Orders in July contracted less than expected, and August exports rose unexpectedly, which might signal demand for new electronic products is kicking in as the peak year-end shopping season approaches. But the improvement could be short-lived, and analysts say a sustained turnaround in electronics demand is likely still some way off.
Taiwan's export orders are a leading indicator of demand for Asia's exports and for hi-tech gadgets, and typically lead actual exports by two to three months.
(Poll compiled by Carol Lee; Reporting by Yimou Lee; Editing by Kim Coghill)