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Industrial production up for 8th consecutive month
Publish Date: 2017/04/25
Update Date: 2017/04/25
Taipei, April 24 (CNA) Industrial production in Taiwan posted a year-on-year increase in March for the eighth consecutive month on the back of increased manufacturing in the semiconductor and flat-panel industries, the Ministry of Economic Affairs said Monday.

The ministry said the industrial production index for March rose 3.22 percent from a year earlier to 112.87, despite overhauls in plants within the chemical and petrochemical sectors and amid the slow season for the electronics industry.

For the first quarter as a whole, the index of industrial production rose 5.14 percent year-on-year to 104.46, according to the data.

The March sub-index for the manufacturing sector, which accounts for more than 90 percent of local industrial production, rose 4.7 percent from a year earlier, while the gauge for manufacturing output in the first quarter gained 6.98 percent year-on-year, MOEA statistics show.

Industrial production in the electronic components industry, meanwhile, rose 9.48 percent from a year earlier, on the back of solid production in the integrated circuit industry, which rose 16.72 percent from a year earlier, marking the 10th consecutive month in which the sector had reported double-digit growth in production.

Production in liquid-crystal display (LCD) panels grew 16.72 percent year-on-year, the largest growth since July 2010.

At the same time, production in the machinery industry in March rose 9.48 percent year-on-year, marking the fifth consecutive month in which the sector had reported growth in production, due mainly to strong demand for automatic machinery amid a global economic recovery.

Bucking the upturn, production in the optoelectronics sector for March fell 0.23 percent from a year earlier, while production in the chemical raw materials industry declined 5.09 percent from a year earlier. (Courtesy of CNA)
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