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Financial News: Taiwan Industrial Output Rises For First Time In

Taiwan Industrial Output Rises For First Time In 5 Months

05/23/2019 - 06:07:00 (RTTNews)

(RTTNews) - Taiwan's industrial output rose for the first time in five months in April, defying expectations for a decline, data from the Ministry of Economic Affairs showed on Thursday.

Industrial output rose 1.04 percent year-on-year in April, after a 9.38 percent fall in March. Economists had expected a decline of 5 percent.

The latest increase was the highest since November last year, when the production was 2.59 percent.

Among sectors, electricity and gas supply grew by 2.68 percent and manufacturing output rose by 0.94 percent in April.

Meanwhile, production in mining and quarrying, and water supply decreased by 1.46 percent and 0.17 percent, respectively.

On a month-on-month basis, industrial production rose 5.49 percent in April, reversing a 4.35 percent decline in the previous month.

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