Industrial production grows for 6th straight month

Taipei--Taiwan's industrial production for January grew for the sixth consecutive month on the back of strong global demand for high-tech devices, according to government statistics released Thursday.

The Ministry of Economic Affairs (MOEA) said that the industrial production index for January rose 2.77 percent from a year earlier to 104.77 after a 6.25 percent year-on-year increase seen in December.

The January figure was 6.51 percent lower than December's in reflection of the reduced number of working days due to the six-day Lunar New Year holiday that kicked off Jan. 27, but after seasonal adjustments, the January index still rose 4.32 percent from a month earlier, the data indicates.

In January, the sub-index of the manufacturing sector, which accounts for more than 90 percent of the country's total industrial production, gained 3.80 percent from a year earlier after the electronic component industry posted 12.02 percent year-on-year production growth, the MOEA said.

It was the ninth consecutive month in which the sub-index of the manufacturing sector had grown from a year earlier, while production of the electronic component industry posted double-digit year-on-year growth for the sixth consecutive month, the MOEA added.

Source: Focus Taiwan News Channel