FAVORABLE WINDS:Shen Jong-chin was optimistic due to the more than NT$288.4 billion invested by returning firms and the advancement of wind farm installations
Date: May 18, 2019
By: Natasha Li / Staff reporter
Industrial output in the first quarter declined 4.95 percent year-on-year, putting an end to nine consecutive quarters of gains, as the electronics sector weakened, the Ministry of Economic Affairs said yesterday.
Overall output totaled NT$3.16 trillion (US$100.97 billion) from NT$3.32 trillion a year earlier, the ministry said.
The soft performance of vendors of electric parts and components underpinned the retreat, it said.
Taiwan is home to the world’s largest contract makers of electronic components used in mobile devices and laptops. [FULL STORY]