The petrochemical industry reported production value contracted by 54.7 percent year-on-year, while output among automakers and in the automotive parts industry fell 22.1 percent from a year earlier, the ministry said. In the metal manufacturing industry, production value fell 18.7 percent and in the machinery industry it was down 13.8 percent year-on-year, it said. Computer electronics and optoelectronics components posted output growth of 7.6 percent year-on-year, while the electronics components industry grew 10.6 percent, ministry data showed. Industrial production increased 4.7 percent year-on-year, the third quarter of growth and the highest for the quarter on record, the data showed. However, production value is calculated by multiplying production by price, and a slide in prices means that even with increased output, production value is trending down, the ministry said.

Source: Taipei Times August 19, 2020 15:56 UTC