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Taiwan's new orders dropped 11.96% year-on-year in August to US$28.2 billion, the Ministry of Economic Affairs said Wednesday. Economists expected a 7.25% fall. On a monthly basis, export orders were down 1.14%.
Wood and its related products showed the steepest fall in export orders on an annual basis, falling 44.12%. However, export orders of precision instruments, clocks and musical instruments showed fastest rise of 17.82%.
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