The industrial production index last month climbed to a new high as demand for chips used in 5G, high-performance computing and emerging technologies boosted manufacturing, the Ministry of Economic Affairs said yesterday.
The manufacturing production index, a major contributor to the nation’s industrial production, rose 10.57 percent last month from a year earlier, surpassing the ministry’s estimate of annual expansion of 7.3 percent to 9.4 percent.
The ministry attributed the performance to an improvement in supply constraints of key components and raw materials.
The industrial production index and manufacturing index last year jumped 13.22 percent and 14.06 percent respectively, the most in about
The nation’s tax revenue last month shrank 16 percent year-on-year to NT$134.9 billion (NT$4.87 billion), as revenues from corporate, land and sales taxes declined, but overall revenue for last year as a whole surpassed the government’s budget by 6.5 percent to a record-high NT$2.85 trillion, the Ministry of Finance said yesterday.
That suggested a tax surplus of NT$402.4 billion, also a new high, as tax revenue for the whole of last year swelled 18.6 percent year-on-year, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) said at a news conference in Taipei.
Revenues from customs duties, and business, personal income, corporate income, securities
Industrial production this year is likely to show record growth, after last month increasing 12.19 percent year-on-year, a 22nd consecutive month of growth, as manufacturers benefited from eased component supply constraints, the Ministry of Economic Affairs said yesterday.
Manufacturing output was supported by demand for chips used in 5G devices, high-performance computing applications and vehicles, the ministry said.
Manufacturing output, a major contributor to industrial production, last month rose 13.13 percent from a year earlier, beating the ministry’s annual growth estimate of 9.7 to 11.9 percent.
“The manufacturing sector ended up better in November than we thought,” Department of Statistics Deputy Director-General Huang
Taiwan’s tax revenue last month advanced 9 percent year-on-year to NT$252.7 billion (US$9.12 billion), boosted by increases in securities transactions, business and land taxes, the Ministry of Finance said yesterday.
Securities transactions rose last month, fueled by stocks of companies eyeing to play a role in the emerging “metaverse,” as well as equities that profit from continued port congestions in the US and a rising number of COVID-19 cases involving the Omicron variant of SARS-CoV-2, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) said.
Securities transaction tax revenue increased 66.98 percent from a year earlier to NT$23.9 billion, as daily stock
Industrial production in Taiwan last month increased 11.25 percent year-on-year the 21st consecutive month of annual growth but decreased 2.36 percent month-on-month, the Ministry of Economic Affairs said yesterday.
The ministry uses industrial production to gauge output in the nation’s five main industries: manufacturing, mining and quarrying, electricity and gas supply, water supply and architecture engineering.
Manufacturing, which contributes 90 percent of overall industrial production, increased 17.28 percent year-on-year last month, rising for the 21st consecutive month, the ministry said.
“We did see a monthly dip in industrial production last month, likely due to supply chain disruptions and an ongoing parts