Slow rise in output
Source: Bloomberg News |
July 26, 2011, Tuesday
|
Print Edition
Print Edition
TAIWAN'S industrial production rose in June at the slowest pace since the 2009 recession, signaling that easing global growth is crimping the island's expansion.
Output gained 3.61 percent from a year earlier, after climbing a revised 7.56 percent in May, authorities said yesterday. That's the slowest pace since September 2009.
Trade disruption after the March earthquake in Japan and slower growth on the Chinese mainland have clouded the outlook for the island's overseas sales, a key driver of factory output.
At the same time, record home prices and accelerating inflation have added to the case for higher interest rates, with the island raising borrowing costs for the fifth straight quarter in June.
Output gained 3.61 percent from a year earlier, after climbing a revised 7.56 percent in May, authorities said yesterday. That's the slowest pace since September 2009.
Trade disruption after the March earthquake in Japan and slower growth on the Chinese mainland have clouded the outlook for the island's overseas sales, a key driver of factory output.
At the same time, record home prices and accelerating inflation have added to the case for higher interest rates, with the island raising borrowing costs for the fifth straight quarter in June.
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