Taiwan's electronic sector output forecast to grow in 2013

Taipei, May 23 (CNA) The output of Taiwan's electronic components and parts sector will grow marginally in 2013 despite global economic uncertainties, according to a government report. The report released Wednesday by the Industry and Technology Intelligence Services said that the output value of the sector is expected to reach NT$878.47 billion (US$29.28 billion) this year, up about 3.5 percent from NT$848.6 billion a year ago. The output is likely to be locked in a seesaw struggle, the report said, adding that launches of new smartphones and tablets could maintain an upward trend, but global economic uncertainties and declining sales of personal computers might offset the effect. At a time when the United States and Japan are implementing looser monetary policies, and China is growing at only a moderate pace, the global economy is full of variables, the report said. "The sector is likely to post moderate growth this year amid these uncertainties," it said. (By James Lee)