October industrial production, export orders, and sales rise
By ECCT staff writers
Taiwan’s official industrial production index increased by 11.25% in October 2021 compared with the same month in 2020, according to a report by the Ministry of Economic Affairs (MOEA). The index measures five components: manufacturing, mining and quarrying, electricity and gas supply, water supply and architecture engineering. According to the MOEA it was the 21st consecutive month of growth, which saw manufacturing increase by 11.53% y-o-y and electricity and gas supply increase by 9.60%, although mining and quarrying decreased by 2.78%, and water supply decreased by 3.59%.
The MOEA also reported that export orders rose by 14.6% y-o-y in October to reach US$59.1 billion. When measured in NT dollars, export orders were NT$1,651.6 billion and expanded by 10.6% on a y-o-y basis.
In a separate news release, the MOEA reported that sales of wholesale trade came in at NT$1,020.5 billion in October 2021, an increase of 14.3% compared with the same month in 2020. Meanwhile retail trade sales were NT$373 billion in October 2021, an increase of 6.6% on a y-o-y basis while sales of food and beverage services were NT$67.6 billion, up by 1.4% y-o-y.