A man operates equipment at a factory in Taipei yesterday.
Photo: CNA 2021/01/26 03:00
NOT ALL RISE: Although local production beat out most other economies, production in traditional industries, except for chemical manufacturers, fell from a year earlier
By Angelica Oung / Staff reporter
The nationâs industrial production last month increased for the 11th consecutive month, thanks to strong demand for tech products as a result of the COVID-19 pandemic, the Ministry of Economic Affairs said yesterday.
Despite a global economic downturn, local industrial production last month grew 5.22 percent month-on-month and 9.9 percent year-on-year, resulting in production last year increasing 6.81 percent from 2019, the ministry said.
By Crystal Hsu / Staff reporterTax revenues last month totaled NT$142.3 billion (US$5 billion), falling 1.6 percent from a year earlier, as tax cuts and fewer imports of mineral products weighed on individual and corporate income, as well as business taxes, the Ministry of Finance said yesterday.
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