Taiwan's export orders grow 5.7% in July

 Export orders in Taiwan grew for the sixth consecutive month to reach 38.2 billion U.S. dollars in July, an increase of 5.7 percent from a year earlier.
The performance dropped significantly from a 10.6 percent rise in June, which marked the strongest growth pace since December 2012.
Lin Lee-jen, a statistic authority official, said July's growth was mainly driven by electronic export orders, which increased 11.2 percent year-on-year.
Orders in machinery also climbed 18.1 percent as the global economy is rebounding and Taiwanese business owners are expanding overseas, Lin said.
However, information and communication sectors, which used to have solid performances, saw a slight drop in July due to an ordering hiatus caused by upgrades of high-end portable devices, she said.
Lin forecast that orders in August would likely remain flat, as the information and communication sectors will still be in a period of adjustment.