Manufacturing sector records steady growth in 2nd quarter: DGBAS
The China Post news staff
August 20, 2014, 12:01 am TWN
The Directorate General of Budget, Accounting and Statistics (DGBAS, 主計處) yesterday announced that Taiwan's manufacturing sector accumulated gross output of NT$3.67 trillion over the second quarter of this year, improving by 8.21 percent quarter-on-quarter, and 4.94 percent year-on-year.
In addition, gross output over the first half of this year for the manufacturing sector improved by 2.64 percent year-on-year.
The DGBAS noted that output by automobile and auto parts manufacturers recorded the largest growth, improving by 23.18 percent year-on-year, while sales by optical electronics manufacturers fared poorly, receding by 1.23 percent year-on-year. Base metal makers, and manufacturers of mechanical equipment, electronic modules and chemical materials manufacturers saw encouraging improvements, growing by 8.39 percent, 7.73 percent, 5.57 percent and 3.78 percent year-on-year, respectively.
Manufacturing Sector Gross Output Breakdown
Meanwhile, electronic module makers represented the bulk of Taiwan's manufacturing sector, contributing NT$937.4 billion, or 40 percent of the sector's total gross output over the second quarter. The DGBAS noted that electronics manufacturers benefited from the growing proliferation of so-called smart technology that has stimulated global demand for numerous products such as mobile devices. As of the end of the second quarter, the semiconductor and DRAM industries represented 25.57 percent of Taiwan's manufacturing sector, the DGBAS said. In addition, the DGBAS attributed the slump in optical electronics to heightened international competition faced by Taiwanese companies, which compelled them to cut production output volumes.