Taiwan sees 3.5% drop in Q2 investment in manufacturing

Want China Times
Date: 2015-09-18

Taiwan’s fixed asset investment in manufacturing reported a 3.5% year-on-year drop in the

An automobile repair shop. (File photo/Lin Hou-chun)

An automobile repair shop. (File photo/Lin Hou-chun)

second quarter of 2015, the Ministry of Economic Affairs said Wednesday, but added that it was optimistic about investment prospects for the second half of the year.

In the second quarter of the year, Taiwan saw a total of NT$229.5 billion (US$7.06 billion) in fixed assets investment in the manufacturing sector, the ministry’s latest statistics showed.

This also represented the country’s continued drop in fixed asset investment for the second quarter in a row, it added.

Among the investments in the manufacturing sector, a total of NT$148.1 billion (US$4.6 billion) came from the electronic components industry, a 1.3% increase from the same period last year, said the ministry, which attributed the growth to chip manufacturers investing in expanding their plants.     [FULL  STORY]

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