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Industrial output sees tepid growth over April

Industrial output sees tepid growth over April

Taipei, May 25 (CNA) The Ministry of Economic Affairs announced Monday that Taiwan's industrial production index in April reached 106.37, down 4.8 percent from the previous month, but representing a rise of 1.06 percent from the previous year. During the same period, the manufacturing sub-index declined by 5.01 percent month-on-month, but improved by 1.15 percent year-on-year. In the first four months of the year, overall industrial output rose by 4.54 percent year-on-year while the manufacturing sub-index rose by 5.11 percent. The 1.15 percent improvement is the slowest for the manufacturing sector since February 2014, said Yang Kuei-hsien (???), deputy director-general of the ministry's Department of Statistics. Yang said that the stronger growth in the machinery and petrochemical industries were offset by lagging growth in the electronic component, optoelectronic and automobile parts industries, which declined by more than 10 percent in April. Although overall the industrial output index is expected to improve month, year-on-year growth is not expected to improve markedly from last May's results, which rose to a stellar 110.32, the sixth- highest in recent years for the period. (By Milly Lin and Ted Chen)


Updated : 2021-09-20 10:12 GMT+08:00