Home Economy Taiwan Industrial Production Rises Unexpectedly

Taiwan Industrial Production Rises Unexpectedly

by RTTNews Staff Writer

Taiwan’s industrial production grew unexpectedly in July, figures from the Ministry of Economic Affairs showed on Friday.

Industrial production rose 3.03 percent year-on-year in July, after a 0.49 percent fall in June. Economists had expected a 0.6 percent decrease.

Manufacturing output gained 3.07 percent annually in July, after a 0.75 percent decline in the preceding month.

Electricity and gas supply rose 3.07 percent in July, while output in mining and quarrying declined 7.13 percent.

On a month-on-month basis, industrial production grew 1.92 percent in July, following a 0.67 percent rise in the previous month.

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