Taiwan's output of chemical products up by 0.14% in August

24 September 2012 10:43  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s output of chemical products slipped marginally by 0.14% year on year in August, while overall industrial production increased, data from its Ministry of Economic Affairs showed on Monday.

The slowdown in export orders from Europe in August weighed on industrial output, according to Singapore-based DBS Group Research.

“The overall external environment remains fragile, posing challenges to the export-dependent economies like Taiwan’s. Domestic consumption demand also appears lacklustre,” it added.

Taiwan’s production of plastic products was up by 3.70% year on year in August, while output of petroleum and coal products was up by 32.2%, according to the ministry.

Overall industrial production increased by 1.89% year on year in August, with output from the manufacturing sector up by 1.80%, the data showed.

By: Nurluqman Suratman

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