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Asian Economic News

Taiwan's Industrial Production Drops For Third Month

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Taiwan's industrial output declined for a third consecutive month in April, data from the Economy Ministry showed Thursday.

Production fell 0.88 percent year-on-year in April, following a 3 percent slump in March. Economists expected the pace of decline to ease to 0.47 percent.

Month-on-month, production fell 1 percent in April after adjusting to seasonal variations. This followed a 0.96 percent drop in March.

Manufacturing output declined 1.18 percent year-on-year in April and output of mining and quarrying industry dropped 0.69 percent. Meanwhile, production and supply of electricity and gas climbed 10.35 percent from a year earlier.

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