Taiwan: Industrial production posts growth for the second consecutive month in June
July 22, 2016
In June, industrial production rose a working-day adjusted 0.9% over the same month last year. The result followed the 1.9% expansion tallied in May and marks the second consecutive expansion after a sequence of contractions. The reading came on the back of an expansion in mining and quarrying which more than offset a contraction in the water supply, electricity and gas supply component.s
A month-on-month comparison showed that industrial output dropped a seasonally-adjusted 0.3% in June, which contrasted the 2.5% expansion observed in May. Meanwhile, the annual average variation in industrial production inched up from minus 3.9% to minus 3.8% in June.