By: Huang Chiao-wen and Frances Huang
Taipei, Aug. 22 (CNA) The Ministry of Economic Affairs (MOEA) said Saturday that Taiwan’s industrial production is likely to show a year-on-year drop in July for the third consecutive month amid a global economic slowdown.
While the July industrial production figure is expected to improve from June, it is likely to be lower than in July 2014 because of a relatively high comparison base, the ministry said, ahead of its release of the industrial production data on Aug. 24.
In June, Taiwan’s industrial production index fell 1.35 percent from a year earlier to 106.42 in reflection of weakening demand for high-tech gadgets such as smartphones and PCs amid a global economic slowdown. The June figure was 0.02 percent higher than May. [FULL STORY]