Manufacturing output falls 4.57 percent

NOT ALL BAD: The computer, electronic goods and optical components industry saw output surge 20.93 percent — a four-year high — the Ministry of Economic Affairs said

Taiei Times
Date: Aug 20, 2019
By: Natasha Li  /  Staff reporter

The nation’s manufacturing output contracted in the second quarter for a second consecutive quarter, amid a global economic slowdown fueled by unrelenting trade tensions between the US and China, the Ministry of Economic Affairs said yesterday.

Production in the manufacturing sector last quarter slipped 4.57 percent year-on-year to NT$3.32 trillion (US$105.89 billion), following a 4.95 percent decline in the first quarter, the ministry said.

Despite declines in output across various industries within the sector, the computer, electronic goods and optical components industry saw output surge 20.93 percent to NT$188.4 billion — a four-year high — thanks to greater production of servers, routers and networking switches, the ministry said.

Robust sales of controllers for automotive electronics and temperature regulators also helped boost production in the computer, electronic goods and optical components industry, the ministry said.
[FULL  STORY]

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