24029
3rd Production Fall in Taiwan
World Economy

3rd Production Fall in Taiwan

The ministry of economic affairs said Saturday that Taiwan’s industrial production is likely to show a year-on-year drop in July for the third consecutive month amid a global economic slowdown, Focus Taiwan reported. While the July industrial production figure is expected to improve from June, it is likely to be lower than in July 2014 because of a relatively high comparison base, the ministry said, ahead of its release of the industrial production data on Aug. 24. In June, Taiwan’s industrial production index fell 1.35% from a year earlier to 106.42 in reflection of weakening demand for high-tech gadgets such as smartphones and PCs amid a global economic slowdown. The June figure was 0.02% higher than May. The sub-index for the local manufacturing sector, which accounts for more than 90% of the country’s total industrial production, fell 1.18% from the previous year and 0.41% from a month earlier. Among the various segments in the manufacturing sector, the flat panel industry saw a 6.44% year-on-year drop in production in June.

 

Short URL : https://goo.gl/OmxRmg
  1. https://goo.gl/QystZA
  • https://goo.gl/j7hZ63
  • https://goo.gl/aPsVag
  • https://goo.gl/LUZrl9
  • https://goo.gl/BfLJPW

You can also read ...

Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Colombia Expects Better Times
Colombia’s economy could grow 3% this year as sectors like...
Venezuela’s Digital Currency Makes Debut
Venezuela has begun the process of introducing a new digital...

Trending

Googleplus