ASCENDING TRENDS:The Ministry of Economic Affairs attributes the manufacturing increase to double-digit growth in the output of chemical materials and basic metals
Taipei Times
Date: Nov 18, 2017
By: Kuo Chia-erh / Staff reporter
The nation’s manufacturing production value grew 6.43 percent year-on-year to NT$3.32 trillion (US$110.3 billion) last quarter, the highest in two years, amid a stable global economic recovery, the Ministry of Economic Affairs said yesterday.
On a quarterly basis, production value increased 4.74 percent from NT$3.17 billion, the latest government statistics showed.
In the first three quarters of this year, total production value expanded 6.79 percent to NT$9.66 trillion from the same period last year.
The increase is attributed to double-digit percentage growth in the output of chemical materials and basic metals on recent ascending trends in oil, steel and copper foil prices, a ministry statement said. [FULL STORY]