Industrial output contracts 5.32%

INVENTORY BACKLOG:The Department of Statistics said that the nation’s drop in output was linked to an inventory adjustment event that is expected to continue

Taipei Times
Date:  Oct 24, 2015
By: Crystal Hsu  /  Staff reporter

The nation’s industrial output contracted by 5.32 percent last month from a year earlier, virtually unchanged from a revised 5.75 percent decline in August, as inventory digestion dragged on for all makers except chemical product suppliers, the Ministry of Economic Affairs said yesterday.

“The data show the industry has yet to emerge from a protracted inventory adjustment, which has extended into the current quarter,” Department of Statistics Deputy Director-General Yang Kuei-hsien (楊貴顯) told a media briefing.

The situation might improve with the advent of Christmas sales season in the West, but could remain soft compared with levels a year earlier, Yang said.    [FULL  STORY]

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