Industrial Production Hits 15-Month Low in April

stock chart
copyright Ken Teegardin, www.SeniorLiving.Org

Taiwan’s Ministry of Economic Affairs, Statistics Department released industrial production figures for April. Overall production grew by an average of 1.06% over last year, with manufacturing growth reaching 1.15%. Overall industrial production in March grew 6.65%. The growth in April was boosted by chemical materials and products and pharmaceuticals, as well as electronics.

The growth figures are the lowest in 15 months, but it also shows 15 consecutive months of positive growth. The department’s deputy director Yang Kuei-hsien (楊貴顯) attributed the downward trend to falling metals industry output. He noted that the electronics industry is expected to grow further as wearable devices become more popular. Other industries are expected to improve as oil prices decrease, Apple Daily reported.

Revenues in April fell 2% to NT$1.17 trillion. Revenues in May are expected to increase thanks to holiday shopping.


Be the first to comment

Leave a Reply