Industrial production rose 13.42% year-on-year last month, marking six months of growth driven by demand for AI, high-performance computing, and web-based data centers, according to the Ministry of Economic Affairs.
The electronics sector surged 22.24%, fueled by demand for semiconductors, AI applications, and high-end servers. Non-tech sectors struggled, with auto parts down 12.87% and base metals down 4.4%, due to global economic slowdowns and shifting preferences towards electric vehicles.
A survey showed that 73.5% of manufacturers expect steady production in the coming month of November 2024 while 9.2% foresee growth and 17.3% predict declines.
