April 26, 2024
Taiwan’s industrial production expanded in March after falling in the previous month, preliminary data from the Ministry of Economic Affairs showed.
Separate official data showed that retail sales expanded at a slower pace at the end of the first quarter.
Industrial production climbed 3.99 percent year-on-year in March, reversing a revised 1.31 percent fall in February.
Among the main sectors, manufacturing output recovered strongly by 4.01 percent annually in March, and utility sector production grew by 4.28 percent. In contrast, mining and quarrying output showed a further sharp decline of 11.63 percent.
On a month-on-month basis, industrial production dropped a seasonally adjusted 0.81 percent from February, when it rose by 3.33 percent.
Another report from the statistical office showed that annual retail sales growth eased markedly to 0.71 percent in March from 9.33 percent in the prior month.
Sales of food, beverages, and tobacco in specialised stores decreased by 2.76 percent, while sales growth in textiles and clothing in specialised stores moderated considerably to 5.5 percent from 24.2 percent.
Source: RTT NEWS
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
