PRE-HOLIDAY DEMAND: The highest monthly performance since the MOEA began collecting such data in 1953 was largely due to trending technological applications

Taipei Times
Date: Mar 06, 2018
By: Lauly Li  /  Staff reporter

The nation’s industrial production index last month rose a better-than-expected 10.86 percent annually to a record high of 115.98, driven mainly by demand for crytocurrency mining and automotive electronics, the Ministry of Economic Affairs said yesterday.

The result was more than double the ministry’s estimate of 5 percent annual growth and marked the ninth straight month of year-on-year expansion, it said.

The index reading of 115.98 represented the highest monthly performance since the ministry began collecting such data in 1953, it said.

“Thanks to the trending technological applications, including crytocurrency mining, the production activity of Taiwan’s semiconductor industry last month was even better than in December last year, despite it being the traditional slow season,” ministry Deputy Director-General Wang Shu-chuan (王淑娟) told a news conference in Taipei.
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