Taiwan’s industrial production index increased in July by 13.93pc from a year ago, according to Ministry of Economic Affairs’ Department of Statistics data released on Aug 23.
Taiwan’s ministry includes main five industries to calculate the production index: manufacturing, mining and quarrying, electricity and gas supply, water supply, and architectural engineering.
Manufacturing production grew by 15.02pc in July from a year ago and is up for the 18th month in a row. Mining and quarrying decreased by 0.45pc in July from a year ago.
The machinery sector grew by 29.02pc and the basic metal sector reported a growth of 28.79pc in July from a year ago. July 2020 reflected low growth numbers while demand from Europe and the US has grown in July this year.
Demand for basic metals and materials is expected to rise on the back of factory expansions. Infrastructure demand remains healthy, according to local reports.
Production of automobile and auto parts also expanded by 22.06pc in July from the previous year.
The ministry has forecast higher growth in August due to continued global recovery.