Industrial production in Taiwan last month expanded by a better-than-expected 10 percent year-on-year, thanks to easing component shortages and continued capacity expansion by semiconductor companies in response to robust demand, the Ministry of Economic Affairs said yesterday.
The industrial production index last month climbed for a 25 consecutive month to 117.49, the highest figure for February on record following the second-longest upcycle, the ministry said.
The growth momentum is expected to extend into this month, with the manufacturing sector likely to see its best March performance ever, Department of Statistics Deputy Director-General Huang Wei-jie (黃偉傑) said by telephone yesterday.
“The first quarter
The industrial production index expanded 10 percent year-on-year last month, the Ministry of Economic Affairs said yesterday, attributing the increase to strong production of electronic components on brisk demand for chips used in 5G, high-performance computing and the Internet-of-Things devices.
The manufacturing sector, a major contributor to Taiwan’s industrial production, expanded 10.69 percent year-on-year, making last month the sector’s best January ever, the ministry said.
On a monthly basis, the sector showed stronger-than-expected momentum, reporting a slow-season decline of 1.17 percent, compared with the ministry’s estimated downturn of 2.9 to 5.7 percent.
“The annual growth in January was fueled by robust
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
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
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