Taiwan's industrial production up for 2nd straight month

01/22/2020 06:17 PM

Taipei, Jan. 22 (CNA) Taiwan's industrial production rose in December 2019 for the second consecutive month, on increased investments by Taiwanese manufacturers, the Ministry of Economic Affairs (MOEA) said Wednesday.

MOEA data showed that the industrial production index for December rose 5.99 percent from a year earlier to 117.11, after a 1.79 percent year-on-year increase in November.

The sub-index for the manufacturing sector, which accounts for more than 90 percent of the total industrial production, grew 6.37 percent from a year earlier 118.79, the data indicated.

Month-on-month, the December industrial production index rose 2.87 percent, with the sub-index for the manufacturing sector climbing 3.04 percent, the data showed.

After seasonal adjustments, the December industrial production index was 1.35 percent higher than the previous month, and the manufacturing sub-index was up 1.70 percent, the data indicated.

In the fourth quarter of last year, industrial production rose 1.64 percent from a year earlier, while the sub-index for the manufacturing sector also grew 1.64 percent, the MOEA said.

For the whole of 2019, however, industrial production dropped by an annual 0.32 percent, with production generated by manufacturers down 0.37 percent in reflection of falling global demand amid trade frictions between the United States and China, the MOEA said.

(By Liao Yu-yang and Frances Huang)

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