By: Huang Chiao-wen and Frances Huang
The optimism was bolstered by moves by clients of local manufacturers to build up their inventories in a bid to meet rising demand before and during the upcoming Lunar New Year holiday, a traditional shopping season in ethnic Chinese societies, the MOEA said.
It said that industrial production for December could rise about 6 percent from a year earlier after an 8.83 percent year-on-year increase seen in November. The ministry is scheduled to release the December industrial production on Monday.
In November, the industrial production index also rose 1.79 percent from a month earlier to 111.27, with the sub-index for the manufacturing sector — which accounts for more than 90 percent of local industrial production — up 10.36 percent from a year earlier on the back of solid demand for electronic devices in the global market. [FULL STORY]