PREVIEW: Taiwan's May exports likely contracted for a third straight month, falling 5.65% on-year from a 6.40% decline in April, on weak demand amid a slow global recovery, according to a Dow Jones poll of 10 economists. Polaris Research Institute strategist Lai Yi-sin says exports likely continued to drop because Taiwan's export orders, an indicator of shipments one to two months ahead, contracted 3.52% in April due to weaker demand from China and the U.S., worse than the median forecast of a 0.50% rise in an earlier survey. "The global economic recovery seems to have ground to a halt on lingering concerns over the euro-zone crisis," she says. Masterlink Securities analyst Anita Hsu says shipments of new chips likely helped improve exports in May. The government will release the May trade data Thursday at 0800 GMT.
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