Financial News: Taiwan Industrial Output Grows Sharply; Retail Sales Growt

Taiwan Industrial Output Grows Sharply; Retail Sales Growth Eases

05/23/2024 - 09:35:00 (RTTNews)

(RTTNews) - Taiwan's industrial production expanded at the fastest pace in three months, preliminary data from the Ministry of Economic Affairs showed on Thursday.

Separate official data showed that retail sales expanded at a slightly slower pace at the start of the second quarter.

Industrial production advanced 14.6 percent year-on-year in April, much faster than the revised 4.2 percent rebound in March.

Among the main sectors, manufacturing output alone surged 14.9 percent annually in April, followed by utility production with a 10.77 percent increase. Meanwhile, mining and quarrying output dropped 4.2 percent.

On a month-on-month basis, industrial production rebounded a seasonally adjusted 0.54 percent from March, when it fell by 0.67 percent.

Another report from the statistical office showed that annual retail sales growth eased somewhat to 1.6 percent in April from 1.9 percent in the prior month.

Sales of textiles and clothing in specialized stores declined by 2.62 percent, while sales at general merchandise stores rose by 1.48 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June (50 min(s), 26 sec(s) ago)
(RTTNews) - The University of Michigan released preliminary data on Friday unexpectedly showing a ...Full Story»

China Bank Lending Rises Less Than Expected (14 min(s), 26 sec(s) ago)
(RTTNews) - China's bank lending increased less than expected in May as credit demand remained ...Full Story»

U.S. Import Price Unexpectedly Decrease 0.4% In May (01 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story»

U.S. Import, Export Prices Unexpectedly Decrease In May (14 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story»

Eurozone April Trade Balance Swings To Surplus (05 min(s), 26 sec(s) ago)
(RTTNews) - Euro area visible trade balance logged a surplus in April this year versus a deficit i ...Full Story»

UK Inflation Expectations Ease In May: BoE Survey (01 hr(s), 17 min(s), 34 sec(s) ago)
(RTTNews) - Britons' short-term inflation expectations softened in May, the quarterly Inflatio ...Full Story»

French Inflation Accelerates In May (02 hr(s), 55 min(s), 34 sec(s) ago)
(RTTNews) - France's consumer price inflation accelerated in May on higher energy and food pri ...Full Story»

Bank Of Japan Delays Bond Purchase Reduction (03 hr(s), 42 min(s), 34 sec(s) ago)
(RTTNews) - The Bank of Japan delayed its normalization of policy on Friday as policymakers decide ...Full Story»