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Financial News: Taiwan Industrial Output Decline Slows In June

Taiwan Industrial Output Decline Slows In June

07/23/2019 - 04:49:00 (RTTNews)

(RTTNews) - Taiwan's industrial output declined at a slower rate in June, data from the Ministry of Economic Affairs showed on Tuesday.

Industrial output fell 0.39 percent year-on-year in June, following a 2.58 percent decline in May. Economists had expected a 0.2 percent fall.

Among sectors, manufacturing output declined 0.61 percent in June. Meanwhile, output in mining and quarrying grew 3.05 percent and that in electricity and gas supply and water supply increased by 2.12 percent and 0.83 percent, respectively.

On a month-on-month basis, industrial output rose 0.76 percent in June, reversing a 0.25 percent fall in the preceding month.

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