Asia
ECONOMY | Staff Reporter, Taiwan
view(s)

Taiwan's industrial production grows to 3.1%

Higher demand for electronics could be pulling the country up.

Taiwan's overall production rose to 3.1% YoY in June from 0.8% in May.

In a report by Moody's Analytics, the rise has been attributed to higher demand for electronic goods.

According data from Taiwan's Ministry of Economic Affairs, production from the sector rose by 4.57% YoY and 1.56% from last month. Manufacturing output also grew 3.6% YoY and 1.11% from May.

Demand from mainland China was also cited as a driving factor of the increase of domestic production in the country.

"The momentum will likely continue in the second half of the year," Moody's Analytics said.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.