April Manufacturing Production Growth Below Expectations; Ministry of Economic Affairs: Not a Trend Reversal

The Ministry of Economic Affairs (MOEA) announced today that both industrial and manufacturing production indices for April reached record highs for the month, maintaining 26 consecutive months of positive growth. However, the 15.13% year-on-year growth in manufacturing fell short of expectations. Chen Yu-fang, Deputy Director of the Department of Statistics, explained that this was primarily due to manufacturers adjusting production schedules to meet client needs and variations in server product mixes, stating it is 'not a trend reversal.' With the launch of new-generation servers, the Ministry remains optimistic about overall manufacturing performance. The electronics and computer/optical products sectors continue to show strong growth, and AI demand remains a key driver for Taiwan's supply chain.