Taiwan's industrial production fell more than expected in February, marking the first year-on-year decline in output since June 2012, the latest figures from the Department of Statistics of the Economy Ministry showed Monday.
Production tumbled 11.45 percent year-on-year in February compared to forecasts for a 9.55 percent decline. This was in contrast to a 19.05 percent growth recorded in January.
Month-on-month, industrial production fell 0.39 percent on a seasonally adjusted basis. This followed a 0.68 percent increase in January.
Production in the manufacturing sector was down 12.1 percent year-on-year, while mining and quarrying output dropped 13.1 percent. Production and supply of electricity and gas fell 9.33 percent.
Separately, the statistical agency said that the commercial sales in Taiwan fell 6 percent year-on-year in February. This compares to 7.8 percent gain in the previous month.
Wholesale trade decreased 11.1 percent while sales at retail outlets grew 6.21 percent.
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