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Taiwan's Industrial Output Falls Less Than Forecast

Industrial production in Taiwan dropped less than forecast by economists in March, data from the Ministry of Economic Affairs showed Monday.

Production fell 3.42 percent year-on-year in March, slower than the 6.75 percent drop forecast by economists.

Manufacturing output fell 3.77 percent year-on-year in March. Mining output declined 1.84 percent, while there was a 2.17 percent rise in electricity and gas supply.

Separately, the ministry's statistical arm said that commercial sales decreased 1.06 percent annually in March against forecast for a 0.04 percent growth.

Wholesale sales fell 2.83 percent from last year, while there was a 3.35 percent growth in retail sales.

by RTTNews Staff Writer

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