Industrial index exceeds expectations

OIL PRICE IMPACT:Department of Statistics official Yang Kuei-hsien said a surge in the chemicals sector was surprising and hinted that oil price influences have eased

Taipei Times
Date: Apr 24, 2015
By: Lauly Li  /  Staff reporter

Taiwan’s industrial production index grew at a better-than-expected 6.49 percent annually to 111.56 points last month, supported by output from the electronics, machinery and chemicals sectors, the Ministry of Economic Affairs said yesterday.

The index marked the 14th consecutive month of annual growth, data showed.

The growth momentum outpaced the market’s consensus estimate of 5.51 percent, a UBS report said.     [FULL  STORY]

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