Taiwan's industrial output declined again in May, but at a slower pace than in the previous month, reports said citing figures released by the Ministry of Economic Affairs.
Industrial production (IP) fell 0.21 percent year-on-year in May, the Ministry said. This followed a 1.78 percent annual decline in April. The rate of decline was slower than the 2.5 percent forecast by economists.
Taiwan's exports have been weak since the third quarter of 2011, which is behind the rise in the manufacturers' inventory-to-shipment ratio, Tim Condon, an economist at ING Bank NV said ahead of the release.
by RTT Staff Writer
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