Industrial production rises for 15th month in row
‘SPORADIC CASES’:
More than half of manufacturers in a survey said they expect the positive trend to extend into this month, despite a local outbreak of COVID-19
By Lisa Wang / Staff reporter
The industrial production index last month rose for the 15th consecutive month on an annual basis on the back of rising demand for semiconductor and electronic products, due to the stay-at-home economy and demand for 5G-related devices amid the COVID-19 pandemic, the Ministry of Economic Affairs said yesterday.
On a monthly basis, industrial production and manufacturing output dropped 9.26 percent and 9.88 percent respectively, the ministry said.