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Financial News: Taiwan Industrial Production Growth Exceeds Forecast

Taiwan Industrial Production Growth Exceeds Forecast

03/23/2017 - 06:09:00 (RTTNews)

(RTTNews) - Taiwan's industrial production growth quickened at a faster-than-expected pace in February, after easing in the previous two months, preliminary figures from the Ministry of Economic Affairs revealed Thursday.

Industrial production expanded 10.6 percent year-over-year in February, much faster than the 2.4 percent rise in January. That was just above the 10.0 percent spike expected by economists.

The measure has been increasing since August last year.

Production in the manufacturing sector grew 14.0 percent annually in February and mining and quarrying output advanced by 13.5 percent.

On a monthly basis, industrial production fell a seasonally adjusted 6.1 percent in February, reversing a 4.1 percent climb in the preceding month.

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