Industrial data increases 10.41%

COMPONENTS BOOST: An official said local panel makers have received orders from China amid a production hiatus, while South Korean companies have exited

Taipei Times
Date: Apr 24, 2020
By: Natasha Li / Staff reporter

Industrial production last month increased 10.41 percent year-on-year, driven by transferred orders and recovering market demand in the manufacturing sector, the Ministry of Economic Affairs’ Department of Statistics said yesterday.

Output from the manufacturing sector, which contributes more than 90 percent of total industrial production, last month grew 11.09 percent year-on-year.

The increase was mainly due to strong growth in the electronic components industry and the computers, electronics and optical components industry, department Director-General Wang Shu-chuan (王淑娟) told a news conference in Taipei.

“Despite the spread of the coronavirus [COVID-19], the electronic components industry was mostly unaffected, hitting a record high last month, surging 26.04 percent year-on-year thanks to vigorous production of integrated circuit boards,” Wang said, adding that production jumped 40.26 percent on an annual basis as demand for 5G communications and high-performance computing expanded.

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