Taiwan’s industrial output rises 19.17 per cent as electronics expand
Taiwan’s industrial production increased 19.17 per cent in September from a year earlier, extending its expansion to a 31st month. Manufacturing rose faster than the overall index, with computers and optoelectronics among the strongest areas. The Ministry of Economic Affairs linked technology-sector growth to artificial intelligence and cloud demand, while chemical materials and fertilizers contracted.
Economics & Markets··Morning
Industrial growth extends to a 31st month
Taiwan’s industrial production increased 19.17 per cent in September from a year earlier. The industrial production index reached 140.76, while manufacturing rose 20.21 per cent and its index reached 143.31. Taiwan’s Ministry of Economic Affairs, the economic-policy ministry, released the figures.[1], [2]
Annual industrial growth extended to a 31st consecutive month. Manufacturing makes up more than 90 per cent of total production. Third-quarter industrial output increased 21.95 per cent from the corresponding period last year, while manufacturing rose 23.05 per cent. The comparisons measure production rather than orders received by companies.[1]
Computers and optoelectronics expand 45.92 per cent
Computer and optoelectronics production, covering computer and light-based electronic equipment, increased 45.92 per cent. The ministry linked the rise to demand for artificial-intelligence servers, network switches, semiconductor inspection equipment and automation equipment. Electronics production rose 23.62 per cent. The ministry identified chip manufacturing, packaging and testing, memory, chip design and substrates among the areas supporting that increase.[1]
Machinery rises while chemical production falls
Machinery output grew 26.02 per cent as semiconductor suppliers installed equipment to expand capacity. Base metals increased 1.39 per cent on recovering demand. Chemical materials and fertilizers declined 4.29 per cent, reflecting weaker demand and annual maintenance. Automotive and parts production rose 2.35 per cent, with the ministry pointing to electric passenger cars and all-terrain vehicles.[1]
