The institute forecast GDP growth of 4.5 percent for last month and said it expects that momentum to continue for the rest of this year. People walk toward electricity meters on a wall in Taipei on April 30. In contrast, the service sector consumes 18 to 19 percent of the power supply, while average households use about 18 percent, the researcher said. TSMC’s electricity use grew 5.8 percent from a year earlier and firms in its supply chain, such as providers of silicon wafers and printed circuit boards, also used more power, the TRI said. Electricity consumption by makers of chemical and steel products rose 5.4 percent and 1.5 percent respectively, as improved inventory demand pushed up production and selling prices, it said.

Source: Taipei Times July 24, 2024 03:44 UTC