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Taiwan Industrial Output Drops At Slower Rate In May

Industrial production in Taiwan decreased at a slower pace in May, final data released by the Ministry of External Affairs showed Monday.

Industrial production decreased 0.21 percent on an annual basis in May, slower than the 1.78 percent decline seen in April. In March, output decreased 3.43 percent. Economists were looking for a 2.5 percent decline.

Production in the manufacturing industry dropped 0.37 percent year-on-year, after falling 2.02 percent in the previous month. Mining and quarrying production, meanwhile, rose 5.10 percent annually, while output of electricity and gas edged up 0.63 percent, data showed.

by RTTNews Staff Writer

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