TECH-DRIVEN: The annual increase last month was led by record sales of electronics and optical components, bolstered by demand from the US and 5G development
Taipei Times
Date: Aug 24, 2019
By: Kwan Shin-han / Staff reporter
Bolstered by robust sales of electronics, optical products and integrated circuits, industrial production increased 3.03 percent annually last month, ahead of the high season for technology products, the Ministry of Economic Affairs said yesterday.
Electronics and optical components reported record sales last month, surging 34.82 percent from a year earlier, the ministry said, adding that sales expanded for a 10th consecutive month.
“Industrial production was better than expected, thanks to demand for electronics from the US and 5G development, which boosted shipments of servers, switches, routers and wireless communication devices,” Department of Statistics Director-General Wang Shu-chuan (王淑娟) told a news conference.
Shipments of camera lenses also swelled, as new-generation smartphones are about to enter the market, she said. [FULL STORY]