Taiwan industrial output hits record high in July

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Taiwan’s industrial production index gained 6.08 percent year-on-year to a record 112.26 points in July on the back of growth in manufacturing and utilities, according to the Ministry of Economic Affairs (MOEA) on Monday. “Output has risen six months in a row, showing the country’s industrial sector is recovering at a steady pace,” MOEA Department of Statistics Deputy Director-General Yang Kuei-hsien said. Among the five subindexes, manufacturing, which accounts for about 93 percent of the weighting, gained 6.77 percent year on year to a record 112.27, while electricity and gas supply also increased 5.75 percent. But construction and mining and quarrying posted double digit declines.

TAIWAN TODAY

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