Reported 11 months ago
Taipei, June 24, 2024 - The Ministry of Economic Affairs announced that the industrial production index for May was 98.2, with a year-on-year increase of 16.06%, marking a third consecutive monthly increase and the highest annual growth rate in 34 months. The semiconductor industry saw a significant 40.99% surge driven by strong AI demand, while the computer, electronic, and optical manufacturing sector also grew by 31.84% year-on-year. Expectations for June indicate a year-on-year growth of 12.5% to 17.3% in the manufacturing industry, with the overall industrial production index forecasted to exceed 10% for the first half of the year.
Source: YAHOO