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Taiwan’s manufacturing sector grows for 6th consecutive quarter

2018-06-11
  • Manufacturing grows in Q1

    Manufacturing grows in Q1

    Taiwan’s manufacturing sector has posted growth for six consecutive quarters. (CNA)

Taiwan’s manufacturing sector has posted growth for six consecutive quarters. That’s according to the latest figures released by the economics ministry on Monday.

 

The figures show year-on-year revenue growth of 0.7% for the first quarter of 2018.

 

The economics ministry noted significant year-on-year growth within several manufacturing sector industries. Those included: chemicals, up by 11.4%; mechanical equipment, up 8.3%; and raw metals, which grew by 7.8%.

 

Officials say that was enough to offset consumer electronics, which declined by 6.3% in Q1. Analysts say the decline was due to dwindling demand for mobile devices.

 

The economics ministry says that the manufacturing sector is likely to see continued growth in the second quarter, thanks to the recovering global economy and an increasing need for intelligent technologies.