By: Liao Yu-yang and Frances Huang
Taipei, July 24 (CNA) Taiwan’s industrial production for June rose year-on-year for the
second consecutive month largely because of growing global demand for high-tech gadgets, the Ministry of Economic Affairs (MOEA) said Monday.
The June industrial production index rose 3.14 percent from a year earlier to 111.35 after a 0.85 percent year-on-year increase in May, as the electronics sector enters its traditional peak season, the MOEA data showed.
The June figures reflect a relatively long period of steady growth in output, interrupted only in April when the industrial production index unexpectedly fell 0.15 percent due to higher than expected inventory adjustments by customers of Taiwan’s electronics vendors and volatile commodity prices.
The April decline ended eight straight months of output growth. [FULL STORY]