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Financial News: Taiwan Industrial Production Declines Unexpectedly

Taiwan Industrial Production Declines Unexpectedly

03/23/2018 - 04:36:00 (RTTNews)

(RTTNews) - Taiwan's industrial production decreased unexpectedly in February, after rising in the previous nine months, preliminary data from the Ministry of Economic Affairs showed Friday.

Industrial production fell 1.93 percent year-over-year in February, reversing a 10.67 percent surge in January. Meanwhile, economists had expected a 1.7 percent rise for the month.

Among sectors, mining and quarrying output alone plunged 12.18 percent annually in February and manufacturing production dropped by 2.86 percent.

On a monthly basis, industrial production climbed a seasonally adjusted 1.2 percent from January, when it rose by 0.85 percent.

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