Taiwan Manufacturing sees first rapid growth in a decade

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(The Taipei Times)

The manufacturing industry saw its growth accelerate in January from a stable state in the previous month, with an index gauging the sector’s health at “yellow-red” for the first time since September 2010, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday. 

The think tank attributed the upward trend to a gradual recovery around the world — as an increasing number of countries have launched programs to vaccinate their residents against COVID-19 — and to the booming stay-at-home economy, which has increased demand for electronics.

The manufacturing sector has also benefited as businesses increased inventories prior to the Lunar New Year holiday.

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