Industrial production rises 7.06 percent

FAVORABLE: Demand for information and communication products is still strong amid the pandemic, but it might have peaked, the Ministry of Economic Affairs said

Taipei Times
Date: Nov 24, 2020
By: Angelica Oung / Staff reporter

People work at a construction site in Kaohsiung yesterday.
Photo: CNA

The nation’s industrial production last month increased 7.06 percent year-on-year, but slid 1.4 percent from September’s record peak, the Ministry of Economic Affairs said yesterday.

It was the ninth straight month of continuous year-on-year growth for industrial production, as demand for information and communications technology products remained strong, the ministry said, but added that demand might have peaked.

“The demand for COVID-19-related electronics is still robust when you look at it on a year-on-year basis, even though it is down from last month’s record,” Department of Statistics Deputy Director-General Huang Wei-jie (黃偉傑) told a news conference in Taipei.

By sector, production of electronic components was up 16.93 percent year-on-year, but down 1.35 percent monthly. In particular, production of integrated circuits rose 23.03 percent annually, but fell 2.98 percent monthly, the ministry said in a report.    [FULL  STORY]

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