Industrial production index hits record

WINNING COMBINATION:Recovering demand for TVs and international competitors’ closure of production lines lent support to Taiwanese panel producers, an official said

Taipei Times
Date: Apr 25, 2017
By: Lauly Li / Staff reporter

The nation’s industrial production index last month climbed 3.22 percent annually to a record of 112.87, boosted by stronger-than-expected demand for semiconductors and panels, the Ministry of Economic Affairs said yesterday.

The gauge for manufacturing output, which contributed more than 90 percent of total industrial production, surged 4.7 percent annually last month, much higher than the ministry’s estimate of 1 percent.

“The growth momentum surprised us. The production for semiconductors and large panels greatly exceeded the ministry’s forecast,” Department of Statistics Deputy Director-General Wang Shu-chuan (王淑娟) told a news conference.

Wang said the production of semiconductors rose 16.72 percent last month, driven by orders for communication chips and memory products.    [FULL  STORY]

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