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Industrial production to see record growth in July

TAIPEI--Taiwan's industrial production is expected to post year-on-year growth in July as the global economy is on the road to recovery, boosting demand, in particular for electronics products, the Ministry of Economic Affairs (MOEA) said Saturday.

The MOEA said that July is expected to become the sixth consecutive month in which the local industrial production index will record a year-on-year increase.

The ministry is scheduled to release the July industrial production data Aug. 25.

In June, the local industrial production index rose 8.63 percent from a year earlier to 107.93, with the sub-index in the manufacturing sector, which accounts for more than 90 percent of the entire industrial production index, up 8.93 percent.

On a month-on-month basis, however, the industrial production index fell 1.69 percent with the manufacturing sub-index down 1.63 percent. After seasonal adjustments, the June production industrial index rose 1.85 percent from a month earlier, with the manufacturing sub-index up 2.15 percent.

In the first six months of this year, the industrial production index grew 4.48 percent from a year earlier.

The MOEA said that the launch of new mobile devices by international brands boosted global buying interest, and the world's PC business has shown signs of recovery, which is expected to continue to lift industrial production.

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