Taiwan'S Recent Export Growth Has Weakened And Industrial Production Has Been Slowing Down.

According to the China Times of Taiwan, the economy is slowing down, and the export orders of Taiwan industrial enterprises are on the alert.

The latest statistics show that export orders in June were $31 billion 360 million, with an annual growth rate of only 9.27%, a new low in March and the first digit since last March.

Among them, the order from the United States also appeared the first negative growth since April 2003.

Taiwan economic sector estimates that export orders will continue to maintain double-digit growth in seven and August.

Meanwhile, in June, Taiwan's industrial production index increased by 5.12% annually, and the manufacturing production index increased by 5.9% annually, hitting a new low since last May.

Affected by high oil prices and low buying power, the automobile and its spare parts industry reduced by 7.82% in June, and the basic metal industry, food industry and textile industry all reduced production. The construction industry reduced its production rate by 11.57%.

From January to June, industrial production increased by 9.44% over the same period last year, the manufacturing industry grew by 10.01%, the information and electronics industry increased by 22.95%, the chemical industry and the metal machinery industry increased by 5.08% and 2.11% respectively, and the livelihood industry decreased by 2.67%.

Taiwan economic department believes that although the global economic growth is slowing down, it is estimated that the manufacturing industry in the third quarter is still expected to maintain growth momentum under the encouragement of Taiwan authorities to boost domestic demand and increase investment in solar photovoltaic and panel factories.