Taiwan exports likely grew in March

Taiwan is scheduled to release March CPI and export data on 8 inflation rate is expected to have fallen 1% y/y from the 0.19% y/y decline in February on weaker fuel and utility prices.The unfavourable base effect may have also capped food prices.

Standard Chartered says they expect core inflation (excluding food and energy prices, and closely tracked by policy makers) to have remained in positive territory, indicating that current weakness in headline CPI is likely temporary. 

"we think exports increased 5.7% y/y, reversing the 6.7% y/y decline in February. Local hi-tech producers likely continued to benefit from steady global demand for the latest wearable technology, despite slow sales after the Lunar New Year holiday", said Standard Chartered in a report on Tuesday