Manufacturing sales and capital investment peaked in second quarter

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Taipei, Sept. 13 (CNA) Sales generated by the local manufacturing sector hit a new record in the second quarter of this year, largely due to growing demand for emerging technologies around the world, according to the Ministry of Economic Affairs ( MOEA).

In addition, with the local semiconductor industry keen to invest in production expansion and technology upgrades, the manufacturing sector has also seen its investment in fixed assets, excluding land purchases, reach a low. new high for the three-month period, added the MOEA.

Data compiled by the statistics department of the MOEA showed that the revenues posted by manufacturers in Taiwan amounted to around NT $ 7.9 trillion (US $ 285 billion) in the April-June period, up 23.9% compared to the previous year and 9.1% compared to the previous quarter.

The ministry said record second-quarter sales, including revenue from production sites located overseas, largely reflected growing demand for emerging technologies such as 5G applications, high-performance computing devices and automotive electronics, as well as smart gadgets.

The new sales peak is also a result of the cyclical recovery in commodity industries including chemicals, steel, machinery, automobiles / motorcycles and related components, the MOEA said.

In terms of capital investments, the MOEA said that as a result of the global economic recovery, many manufacturers in the technology sector and the old economy segment have rushed to invest more, boost production and meet growing demand.

Purchases of machinery and related items accounted for 80.2% of total investments in property, plant and equipment in the second quarter, and increased 26.8% from the previous year, the ministry said.

In terms of individual industries, the electronic components industry invested NT $ 285.4 billion in fixed assets in the second quarter, up 32.5% from the previous year, pure wafer foundry operators , with printed circuit board manufacturers and memory chip suppliers being the main investors, says the MOEA.

Capital investment by the electronic components industry accounted for 66.5% of the total in the second quarter, the MOEA added.

The computer and optoelectronics industry spent NT $ 13.7 billion on capital assets in the second quarter, up 8.6% from the previous year in a booming global home economy , according to the MOEA.

The chemical materials and metal products industries invested NT $ 26.0 billion and NT $ 12.3 billion, respectively, in property, plant and equipment during the three-month period, up 34.3% and 15 , 9% compared to the previous year, said the MOEA.

The machinery and base metals industries also saw their capital investments increase by 37.3% and 13.7% respectively from the previous year to reach NT $ 11.2 billion and NT 10.7 billion. NT dollars in the second quarter, the MOEA added.

(By Liang Pei-chi and Frances Huang)

Final element / AW


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