Focus Taiwan
Date: 2016/04/02
By: Huang Chiao-wen and Frances Huang
Taipei, April 2 (CNA) The local manufacturing sector suffered its first year-on-year sales
Citing statistics, the MOEA said that revenue generated by Taiwan’s manufacturing sector for 2015 fell 3.3 percent from a year earlier to NT$26.42 trillion (US$815 billion).
The oil/coal and chemical sectors witnessed sales for 2015 falling 29.7 percent and 11.3 percent, respectively, from a year earlier, to NT$1.51 trillion and NT$1.89 trillion, in the wake of the weakness of the global oil market, the ministry said.
A supply glut in the global steel market, which pushed down steel product prices, sent the local base metal sector into a tailspin, with the segment posing a 15.6 percent year-on-year decline in sales to NT$1.17 trillion in 2015, the ministry said. [FULL STORY]