Taiwan’s industrial production index in July this year increased by 2.64 percent compared to June and decreased by 15.2 percent year on year, according to the country’s Ministry of Economic Affairs (MOEA). Meanwhile, Taiwan’s seasonally adjusted industrial production index in the given month increased by 1.99 percent compared to the previous month and fell by 14.97 percent year on year.
In July, industrial output in the country’s basic metal manufacturing sector increased by 3.97 percent and output of metal product manufacturing decreased by 0.65 percent, both compared to the previous month. In addition, on year-on-year basis, in the given month output of the basic metal manufacturing sector dropped by 7.94 percent and output of the metal product manufacturing sector moved down by 11.57 percent.
Meanwhile, in July this year, production in Taiwan’s machinery and equipment industry was down by 18.64 percent, while output in the automotive industry went down by 4.39 percent, both year on year.