Industrial Production Rises for Fourth Consecutive Month

According to the Ministry of Economic Affairs, industrial production grew 13.23% year-on-year last month, driven by strong demand for AI applications, data centers, and semiconductor tools.

Manufacturing, the main contributor, expanded by 13.5%, contributing to a solid recovery. In the second quarter, manufacturing output increased by 14.86%, up from 6.22% in Q1.

The momentum is expected to continue through the year. Key drivers included a 36.07% jump in optical components and a 33.55% increase in semiconductor output. However, automotive production declined by 8.15% amid the rise of electric vehicles.

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