Taiwan’s industrial production up by 2.4% in July

Domestic demand growth remains impressive with retail sales rising by 1.3%.

DBS says the risk is that the stock market slump and deterioration of consumer and business sentiments will negatively impact real growth in the remaining months of 3Q.

Here’s more from DBS:

Industrial production rose as expected in July, by 2.4% MoM sa, mirroring the rises in July export orders and exports reported earlier this month; and in contrast to the weakness in private sector PMI (46.1). Meanwhile, domestic demand growth has remained impressive, with retail sales reporting a 1.3% MoM sa rise in July backed by the continued improvement in the labor market, declines in oil prices and recovery of consumers’ real purchasing power. There shouldn’t be a QoQ growth contraction in 3Q based on macroeconomic data available thus far. The risk is that the stock market slump and deterioration of consumer and business sentiments will negatively impact real growth in the remaining months of 3Q. The medium term outlook for exports has also turned weaker due to the expectations of fiscal tightening in the G2 economies. Our 2011-2012 GDP growth forecasts (5.0% and 4.3% respectively) are currently under review

Photo from FTZ-TODAY

Also Read

SMEs embrace cybersecurity insurance, 71% open to purchase

AI to play crucial role in cybersecurity staffing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit