ELECTRONICS RECOVERY:The 0.88 percent growth was driven largely by electronics components. In commercial sales, retail and restaurants grew, but wholesale dropped
Taipei Times
Date: Jul 23, 2016
By: Kuo Chia-erh / Staff reporter
The nation’s industrial production last month rose 0.88 percent year-on-year, supported by rising global demand for electronics components, the Ministry of Economic Affairs said yesterday.
Last month’s industrial output rose for a second consecutive month, following a revised 1.9 percent increase in May, the ministry’s data showed.
Manufacturing output, which accounts for more than 90 percent of total industrial production, increased 1.58 percent last month from the same period a year ago, the ministry said.
“The growth last month mainly came from the output of electronics components, but does not mean the nation’s economy is recovering. We still need to observe other industries’ performance in the future,” Department of Statistics Senior Executive Officer Wang Shou-yu (王守玉) told a news conference. [FULL STORY]