Taiwan Factory Output to Grow

The Industrial Economics and Knowledge Center under the government-sponsored Industrial Technology Research Institute has raised its forecast of output growth for Taiwan’s manufacturing sector due to a growing global economy, CNA reported. The IEK said that local machinery firms as a whole are expected to climb out of the doldrums seen in 2016 and return to a growth pattern this year. According to the IEK, the production value of Taiwan’s manufacturing sector for 2017 is expected to grow 3.87% from a year earlier, up 0.67 percentage points from the research group’s earlier estimate.