Taiwan Industrial Production Falls Most In 7 Months

Taiwan's industrial production fell for a second consecutive month in October and at the sharpest rate in seven months, figures from the Ministry of Economic Affairs showed on Monday.

Industrial production declined 2.92 percent year-on-year in October, following a 0.68 percent fall in September.

The latest decrease in production was the worst since March, when it fell 9.38 percent.

Manufacturing output declined 3.27 percent annually in October, following a 0.52 percent fall in the preceding month.

Production in mining and quarrying dropped 13.15 percent and, while that of electricity and gas supply grew 2.47 percent. Water supply output increased 4.56 percent.

On a monthly basis, industrial production fell 0.03 percent in October, following a 2.21 percent decrease in the previous month.

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