Manufacturers face orders pressureFUNDAMENTAL CHANGE? Photo: Lee Ya-wen, Taipei TimesExport orders are an indicator of actual exports in the following one to three months. “Manufacturers named business orders and profit declines as the most serious challenges they face, despite clear order visibility in the previous six months,” the survey said, adding that it remains to be seen if the downturn will be short-lived or a fundamental change. Customers at home and abroad have turned cautious about placing orders after virus infections escalated in Taiwan, it said, citing manufacturers of information and communications devices as an example. The federation called on the government to accelerate vaccinations, cut business taxes and make manufacturers eligible for wage subsidy programs as service providers.

Source: Taipei Times June 15, 2021 15:56 UTC