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Financial News: Taiwan Industrial Production Growth Slows In August

Taiwan Industrial Production Growth Slows In August

09/23/2019 - 07:24:00 (RTTNews)

(RTTNews) - Taiwan's industrial production growth slowed less-than-expected in August, figures from the Ministry of Economic Affairs showed on Monday.

Industrial production climbed 2.28 percent year-on-year in August, after a 3.77 percent increase in July. Economists had expected a 1.58 percent rise.

Manufacturing output rose 2.11 percent annually in August, after a 3.82 percent increase in the previous month.

Electricity and gas supply output grew 5.0 percent in August and that of mining and quarrying rose 0.34 percent.

On a monthly basis, industrial production rose a seasonally adjusted 0.10 percent in August, slower than the 2.84 percent increase in the preceding month.

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