Focus Taiwan
Date: 2017/10/28
By: Huang Ya-chuan and Frances Huang

Taipei, Oct. 28 (CNA) Production value of the local manufacturing sector is

CNA file photo

expected to grow more than 3 percent in 2018, marking the second consecutive year in which the sector’s output has moved higher, according to the Industrial Economics and Knowledge Center (IEK).

The IEK, which is under the government-sponsored Industrial Technology Research Institute, said that output of the local manufacturing sector is estimated to total NT$18.15 trillion (US$599 billion) in 2018, up 3.25 percent from 2017.

The expected growth for 2018 follows another IEK expectation that Taiwan’s manufacturing sector will see its output growing 4.04 percent year-on-year in 2017, an upgrade of 0.17 percentage points from the research group’s earlier estimate, the IEK said.    [FULL  STORY]