SLOWING DECLINE:The Ministry of Economic Affairs forecast that production would continue to fall this month at a slower rate due to semiconductor inventory digestion
Date: Jan 23, 2016
By: Lauly Li / Staff reporter
Industrial production declined 6.17 percent last month, the eighth consecutive month of annual contraction, the Ministry of Economic Affairs said yesterday.
The result translated into a 1.66 percent decline in industrial output from 2014 and was the first annual decline since 2013, the ministry said.
“The annual decline last year was the largest drop since the global financial crisis in 2009,” Department of Statistics Deputy Director-General Yang Kuei-hsien (楊貴顯) told a news conference. [FULL STORY]