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Industrial production up over 7% in May

2018/06/25 17:03:34

CNA file photo

Taipei, June 25 (CNA) Taiwan's industrial production for May rose more than 7 percent from a year earlier at a time as a growing global economy kept demand strong for goods made in Taiwan, the Ministry of Economic Affairs (MOEA) said Monday.

The industrial production index rose for the 24th of the last 25 months in May, gaining 7.05 percent from a year earlier to 111.10.

The only month it fell during that run was in February 2018, when there were fewer working days during the month than a year earlier because the Lunar New Year holiday fell in February this year rather than in late January last year.

The sub-index for the local manufacturing sector, which accounts for more than 90 percent of total industrial production, rose 7.24 percent to 111.12, data compiled by the MOEA showed.

On a month-on-month basis, Taiwan's industrial production index rose 7.63 percent in May, while the sub-index for the manufacturing sector also rose 7.07 percent, the data indicated.

After seasonal adjustments, industrial production rose 1.30 percent in May from a month earlier, and the sub-index for the manufacturing sector grew 0.77 percent month-on-month, the MOEA said.

(By Liao Yu-yang and Frances Huang)