MORE: Taiwan Feb. Production Falls for First Time in 8 Months
Manufacturers produced fewer computer parts and auto parts, Ministry of Economic Affairs says in Taipei. *Production -11.45 Y/y last month: ministry *Manufacturing -12.1% Y/y; Mining -13.13% Y/y in Feb.: ministry *Construction +42.15% Y/y in Feb.: ministry *“Industrial production will return to more mild but sustainable growth from March onwards, reflecting improved global tech demand,” Katrina Ell, an economist at Moody’s Analytics in Sydney, said before the report. *NOTE: Output rose a revised 19.05% in Jan. *NOTE: Data may be distorted by the Chinese New Year holiday, which was in Jan. last year and Feb. this year. *NOTE: Taiwan dollar strengthened 0.1% per dollar to NT$29.889. Currency has fallen ~2.6% this yr.
To contact the editor responsible for this story: Stephanie Phang at firstname.lastname@example.org