CONSERVATIVE OUTLOOK:The market researcher expects the manufacturing sector’s revenue to contract this quarter, before rising by 0.87 percent next quarter
Date: Apr 23, 2016
By: Lisa Wang / Staff reporter
The manufacturing sector is expected to return to growth only from next quarter,
as a stagnant global economy and intensifying competition continue to stifle demand, the Industrial Economics and Knowledge Center (IEK) said yesterday.
IEK originally expected the manufacturing sector to recover from a recession this quarter.
Now, the Hsinchu-based market researcher expects the sector to see revenue shrink by 0.48 percent this quarter, before picking up and posting an annual growth of 0.87 percent next quarter.
For the whole of this year, IEK forecasts sector revenue growth of 0.11 percent to NT$17.79 trillion (US$550.26 billion), down from the 0.96 percent increase to NT$17.94 trillion it estimated three months ago. [FULL STORY]