Two-year fall in manufacturing output reversed in 2017

Focus Taiwan
Date: 2018/03/03
By: Liao Yu-yang and Frances Huang

Taipei, March 3 (CNA) In the wake of stronger global demand, the production value of the local manufacturing sector in 2017 increased year-on-year, ending a two year fall in output, according to the Ministry of Economic Affairs (MOEA).

Data compiled by the ministry shows that output generated by local manufacturers in 2017 rose 5.85 percent from a year earlier to NT$13.04 trillion (US$445 billion).

The growth stopped a two-year decline after a 10.84 percent drop in 2015 and a 4.26 percent year-on-year decline in 2016, the data showed.

The MOEA said the electronic components industry, which accounted for almost 30 percent of total output in the local manufacturing sector, posted NT$3.67 trillion in production value in 2017, up 3.54 percent from a year earlier.    [FULL  STORY]