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Electronics sector helps industrial production rebound in March

2018/04/23 23:04:59

Taipei, April 23 (CNA) Taiwan's industrial production in March rebounded from a month earlier, fueled largely by growth in the country's electronics sector, the Ministry of Economic Affairs (MOEA) said Monday.

The March industrial production index rose 3.09 percent from the same month a year earlier to 117.14, bolstered by a 6.49 percent year-on-year increase in the electronic parts and components industry, the MOEA said.

The sub-index for the manufacturing sector, which accounts for more than 90 percent of the country's total industrial production, rose 3.20 percent from a year earlier to 119.75, the data showed.

Meanwhile, the local chemical material segment reported a 8.31 percent year-on-year increase in March on the back of higher international crude oil prices and stronger demand for petrochemical raw materials, the data showed.

Production of machinery also increased, rising 6 percent from a year earlier in March amid higher global demand for production equipment, the ministry said.

But compared with the same month of last year, production of basic metals dropped slightly by 0.34 percent in March.

Wang Shu-chuan (王淑娟), deputy head of the MOEA's statistics department, said that because global electronics applications are continuing to expand, Taiwan's electronic parts and components production is expected to maintain positive growth in April.

(By Liao Yu-yang and Ko Lin)