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Financial News: Taiwan's Industrial Output Growth Fastest In 7 Months

Taiwan's Industrial Output Growth Fastest In 7 Months

10/23/2017 - 04:51:00 (RTTNews)

(RTTNews) - Taiwan's industrial production grew at the fastest pace in seven months in September, the Ministry of Economic Affairs said Monday.

Industrial output grew 5.24 percent annually, bigger than the 3.29 percent rise posted in August and the fastest since February, when it grew 10.71 percent.

Economists had forecast a moderate 4 percent annual growth for September.

Manufacturing output climbed 5.36 percent and mining and quarrying advanced 12.02 percent. Construction logged an annual growth of 18.68 percent. Meanwhile, electricity and gas supply fell 2.78 percent.

Month-on-month, industrial production growth eased to a seasonally adjusted 1.26 percent in September from 2.33 percent in August.

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