empty

2024.04.2308:33:00UTC+00Taiwan Industrial Output Rebounds, Retail Sales Growth Eases Sharply

Taiwan's industrial production expanded in March after falling in the previous month, preliminary data from the Ministry of Economic Affairs showed on Tuesday.

Separate official data showed that retail sales expanded at a slower pace at the end of the first quarter.

Industrial production climbed 3.99 percent year-on-year in March, reversing a revised 1.31 percent fall in February.

Among the main sectors, manufacturing output recovered strongly by 4.01 percent annually in March, and utility sector production grew by 4.28 percent. In contrast, mining and quarrying output showed a further sharp decline of 11.63 percent.

On a month-on-month basis, industrial production dropped a seasonally adjusted 0.81 percent from February, when it rose by 3.33 percent.

Another report from the statistical office showed that annual retail sales growth eased markedly to 0.71 percent in March from 9.33 percent in the prior month.

Sales of food, beverages, and tobacco in specialised stores decreased by 2.76 percent, while sales growth in textiles and clothing in specialised stores moderated considerably to 5.5 percent from 24.2 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.