Reported 8 months ago
According to the latest data released by the Ministry of Economic Affairs in Taiwan on June 24, 2024, the wholesale, retail, and food service industries experienced growth in May. The wholesale sector had a turnover of 1.759 trillion NT dollars, a 12.6% increase year-on-year, while the retail sector achieved a record high turnover of 400.9 billion NT dollars, marking 33 consecutive months of growth, the longest on record. The industrial and manufacturing production indices in May also saw double-digit growth, indicating strong domestic demand. Industries like electronics components and computer electronics manufacturing showed significant growth. The overall outlook for the economy seems positive, with expectations of continued growth in the coming months.
Source: YAHOO