STEADY ADVANCE:The economics ministry expects manufacturing to continue rising this month, thereby posting its first quarterly growth since the first quarter of last year

Taipei Times
Date: Sep 28, 2016
By: Lisa Wang / Staff reporter

Last month saw industrial production rebound at its fastest pace in nine months, backed by a jump in output by semiconductor manufacturers, which benefited from the debut of Apple’s Inc’s latest iPhone models, statistics released by the Ministry of Economic Affairs yesterday showed.

Industrial production climbed 7.74 percent annually last month, ministry data showed.

Manufacturing, which contributed 93 percent to industrial output as a whole, expanded 8.35 percent year-on-year last month, surpassing the ministry’s forecast of a 5 percent increase.

“Sales of mobile devices by global brands stimulated inventory demand for electronic components, which spurred production in foundry, chip packaging and chip substrates” last month, the ministry said in a statement.      [FULL  STORY]