Taiwan Output Down Due to U.S., Europe Woes

Electronics took a hit.

Industrial output in Taiwan slowed abruptly in September, weighed by a slowdown in demand from major markets in the United States and Europe, the island's government said on Oct. 24.

Last month, industrial output rose 1.62% from the same month a year earlier, compared with 3.97% percent year-on-year growth in August, as electronics in particular took a hit, the economics ministry said.

"The main reason was the continuation of the European debt crisis and the slowdown in the U..S economic recovery, impacting the semiconductor and electronics industries," the ministry said.

Taiwan's government recently lowered the 2011 full year economic growth forecast to 4.81% from 5.01% amid growing uncertainty in the international economic outlook.

Copyright Agence France-Presse, 2011

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