Industrial production falls 0.39%

TRADE DISPUTE:As a growing number of companies are relocating back to the nation, production of servers, routers and network switches increased accordingly

Taipei Times
Date: Jul 24, 2019
By: Natasha Li  /  Staff reporter

The nation’s industrial production last month decreased slightly by 0.39 percent as the output of the manufacturing sector contracted by 0.61 percent, counterbalancing the growth recorded in other sectors, the Ministry of Economic Affairs said yesterday.

A production slump across traditional industries was the main culprit that dragged down output from the manufacturing sector as the electronic components and the computer, electronic goods and optical components industries both witnessed outstanding growth, the ministry said.

The electronic components industry’s output increased by 2.81 percent year-on-year, ending six consecutive months of contraction, despite the continuous poor performance of DRAM and LCD panels, the ministry said.

The increase was mainly due to a 9 percent increase in the integrated circuit sector, Department of Statistics Director-General Wang Shu-chuan (王淑娟) told a news conference in Taipei.
[FULL  STORY]

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