Taiwan’s industrial production index in May this year remained almost stable compared to April and was down 3.18 percent year on year, according to the country’s Ministry of Economic Affairs (MOEA). Meanwhile, Taiwan’s seasonally adjusted industrial production index in May decreased by two percent compared to the previous month and fell by 1.1 percent year on year.
In the first five months of this year, Taiwan’s seasonally adjusted industrial production index increased by 3.82 percent year on year.
In May of the current year, industrial output in the country’s basic metal manufacturing increased by 1.56 percent and output of metal product manufacturing decreased by 6.42 percent, both compared to the previous month. In addition, on year-on-year basis, in May this year the basic metal manufacturing sector remained almost stable in output and the metal product manufacturing sector saw a decrease of 1.88 percent. In the first five months, a 0.56 percent year-on-year decrease was recorded in Taiwan’s basic metal manufacturing output, while the fabricated metal product output index saw a decrease of 0.68 percent year on year.
Meanwhile, in May this year, production in Taiwan’s machinery and equipment industry increased by 0.23 percent, while output in the automotive industry rose by 16.79 percent, both year on year. [STORY SOURCE]