By: Chia Lee, Taiwan News, Staff Writer
Taiwan’s manufacturing output dropped 10.84 percent in 2015 to NT$12.86 trillion, the biggest decline since the 2009 global financial crisis, according to the Ministry of Economic Affairs (MOEA) Tuesday.
The MOEA released its latest statistics on the output value of the manufacturing sector in the fourth quarter of last year on Tuesday, which suggested a 14.94 percent decline year-on-year to NT$3.09 trillion.
Weak demand for consumer electronics and the inventory adjustment of semiconductor are said to be the reasons accounting for the decline in the electronic component industry, in which the output value dropped 11.84 percent. [FULL STORY]