Taiwan: Industrial activity falls at sharper pace in March
Industrial output collapsed 14.5% compared to the same month a year earlier in March, which was a larger contraction than February’s 7.7% decrease. The figure was largely due to a plunge in manufacturing output, amid weak global electronics demand. In addition, energy output contracted at a sharper pace and growth in mining and water supply output lost pace.
On a monthly basis, factory output dropped 1.6% in seasonally adjusted terms in March, softer than February’s 3.7% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 4.3%, down from February’s minus 2.7%.