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Industrial production up for 8th straight month in December

2018/01/23 17:33:01

Taipei, Jan. 23 (CNA) Taiwan's industrial production index rose for an eighth consecutive month in December, pushing the index for 2017 as a whole to a new high, the Ministry of Economic Affairs (MOEA) said Tuesday.

The strong performance by Taiwan's industrial sector reflected solid global demand at a time when the world economy is growing steadily, the MOEA said.

The industrial production index for December rose 1.2 percent from a year earlier to 113.42, lifting the index for 2017 to a new high of 109.63, up 2.9 percent from a year earlier.

The previous high was recorded in 2014, when the industrial production index was 106.80.

The sub-index for the manufacturing sector, which accounts for more than 90 percent of total industrial production, also rose 0.93 percent in December from a year earlier to 114.94, the 20th straight month it posted a year-on-year increase, the MOEA said.

The sub-index for the manufacturing sector in 2017 also hit a new high of 111.42, up 3.74 percent from a year earlier, smashing the previous record of 107.40 seen in 2016, the MOEA said.

(By Liao Yu-yang and Frances Huang)
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