By: Central News Agency
Taipei, Nov. 21 (CNA) The production value of Taiwan’s manufacturing sector for the third quarter of this year fell to a six-year low at a time when the world’s economy showed signs of slowing with global demand weakening, according to the Ministry of Economic Affairs (MOEA).
The continued weakness of international crude oil prices was also cited as a reason for the local manufacturing sector’s decline in output since local suppliers’ pricing power has been eroded, the MOEA said.
The MOEA said that the production value of the local manufacturing sector for the July-September period fell 15.01 percent from a year earlier to NT$3.16 trillion (US$96.63 billion). [FULL STORY]