Financial News: Taiwan Industrial Output Grows Sharply, Retail Sales Rise

Taiwan Industrial Output Grows Sharply, Retail Sales Rise Further

07/23/2024 - 04:44:00 (RTTNews)

(RTTNews) - Taiwan's industrial production expanded strongly for the fourth successive month in June, preliminary data from the Ministry of Economic Affairs showed on Tuesday.

Separate official data showed that retail sales expanded at a slightly faster pace in June.

Industrial production advanced 13.23 percent year-on-year in June, slower than the 15.73 percent surge in May.

Among the main sectors, manufacturing output alone surged 13.50 percent annually in June, and utility production showed an increase of 9.07 percent. Meanwhile, mining and quarrying output grew at a moderate pace of 1.41 percent.

On a month-on-month basis, industrial production dropped a seasonally adjusted 0.31 percent from May, when it rose by 5.79 percent.

Another report from the statistical office showed that annual retail sales growth improved to 3.85 percent in June from 2.58 percent in the prior month.

Sales of textiles and clothing in specialized stores increased by 9.57 percent, and sales at general merchandise stores rose by 6.03 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (09 hr(s), 25 min(s), 17 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (09 hr(s), 58 min(s), 17 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (10 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (10 hr(s), 42 min(s), 17 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (11 hr(s), 08 min(s), 17 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (11 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (12 hr(s), 22 min(s), 17 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (12 hr(s), 53 min(s), 17 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»