By: Taiwan News, Staff Writer
Industrial production in Taiwan continued to drop on a yearly basis in March amid weak global demand, marking the 11th consecutive monthly decline. The official attributed the slow drop to the restored production after a powerful magnitude-7.0 quake in February.
According to an announcement by the statistical service department under the MOEA, the local industrial production index for March fell 3.57 percent from a year earlier, while the fall was the smallest since July 2015.
The narrowing decline in local industrial production came after many manufacturers were gearing up to raise their production to make up a shortfall following an interruption caused by a strong earthquake that rocked southern Taiwan in early February.
Major high-tech firms, including Taiwan Semiconductor Manufacturing Co., which operates a 12-inch wafer plant in southern Taiwan, suffered a short delay in their production caused by the quake. [FULL STORY]