Taiwan industrial output declines
Source: Bloomberg News |
August 24, 2012, Friday
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Print Edition
Print Edition
TAIWAN'S industrial production fell the least in five months as gains in construction and mining countered a slump in exports and manufacturing.
Output fell 0.02 percent in July from a year earlier, after slipping a revised 2.23 percent in June, authorities said yesterday. Taiwan cut its growth forecast for the year to 1.66 percent from an earlier estimate of 2.08 percent last week after the economy shrank more than the island initially estimated in the second quarter. Export orders fell for a fifth month in July, a report showed earlier this week, as Europe's debt crisis and a slowdown on the Chinese mainland hurt demand for the island's goods.
Output fell 0.02 percent in July from a year earlier, after slipping a revised 2.23 percent in June, authorities said yesterday. Taiwan cut its growth forecast for the year to 1.66 percent from an earlier estimate of 2.08 percent last week after the economy shrank more than the island initially estimated in the second quarter. Export orders fell for a fifth month in July, a report showed earlier this week, as Europe's debt crisis and a slowdown on the Chinese mainland hurt demand for the island's goods.
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