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Financial News: Taiwan Industrial Output Growth Eases More Than Forecast

Taiwan Industrial Output Growth Eases More Than Forecast

04/24/2017 - 04:17:00 (RTTNews)

(RTTNews) - Taiwan's industrial production growth eased at a faster-than-expected pace in March, preliminary figures from the Ministry of Economic Affairs revealed Monday.

Industrial production rose 3.2 percent year-over-year in March, much slower than the 10.7 percent spike in February. Economists had expected the growth to moderate to 5.5 percent.

The measure has been increasing since August last year.

Manufacturing production grew 4.7 percent annually in March, while mining and quarrying output declined by 1.8 percent.

On a monthly basis, industrial production edged down a seasonally adjusted 0.1 percent from February, when it fell by 6.0 percent. Without adjustment, production surged 17.5 percent.

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