The latest industrial production index has been released! The first two months achieved double-digit growth.
- byVic

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The Ministry of Economic Affairs' Statistics Department has released the latest data, showing that the wholesale industry's revenue in February reached 1 trillion 478 billion NT dollars, a year-on-year increase of 24.8%, primarily due to an increase in working days and the impact of the Lunar New Year. The cumulative revenue for the first two months amounted to 2 trillion 1,408 billion NT dollars, setting a new historical high with a year-on-year increase of 8.8%. Breaking it down, the wholesale industries of machinery and pharmaceutical products saw significant year-on-year growth, while the retail industry's revenue in February was 355.6 billion NT dollars, a year-on-year decrease of 3.8%, due to the high base effect from the same month last year. The cumulative retail revenue for the first two months was 801.5 billion NT dollars, with a year-on-year increase of 1.1%. The catering industry's revenue in February was 82.8 billion NT dollars, a year-on-year decrease of 9.2%, but the revenue for the first two months totaled 188.5 billion NT dollars, a year-on-year increase of 4.1%. Overall, the performance of various industries was significantly influenced by the Lunar New Year.
The Ministry of Economic Affairs' Statistics Department released the latest data on industrial production and the sales revenue of the wholesale, retail, and catering industries. In February, the wholesale industry's sales revenue reached 1 trillion 478 billion NT dollars, an annual increase of 24.8%, mainly due to the differences in the timing of the Lunar New Year and the increase in working days. The cumulative sales revenue for January to February was 2 trillion 1,408 billion NT dollars, setting a new high for the same period in previous years, with an annual increase of 8.8%. This growth was primarily driven by the application of emerging technologies, the rising demand for pharmaceuticals in domestic hospitals, and the recovery of export momentum for footwear and apparel. Specifically, the wholesale machinery and equipment industry saw an annual increase of 21.2%, the pharmaceutical and cosmetics wholesale industry increased by 8.2%, and the fabric and apparel wholesale industry grew by 1.0%. However, the wholesale automotive industry and the wholesale building materials industry were affected by a high base period and conservative stocking behavior in the downstream steel industry, with annual decreases of 5.3% and 3.4%, respectively.
In terms of the retail industry, February's retail revenue was 355.6 billion NT dollars, a year-on-year decrease of 3.8%, mainly due to the high comparative base from last year's consumption boom during the Lunar New Year. Most sectors performed poorly, particularly department stores, fabric and apparel retail, and hypermarkets, which saw decreases of 19.3%, 21.6%, and 17.0%, respectively. However, the automotive retail industry experienced a year-on-year increase of 20.6% due to the increase in working days. The cumulative sales revenue from January to February reached 801.5 billion NT dollars, a new high for the same period in history, with an annual increase of 1.1%. The automotive retail industry increased by 1.9% due to the rise in the delivery numbers of some imported vehicles and electric cars. At the same time, baseball games and Lunar New Year events attracted crowds, boosting the annual increases in convenience stores, food and beverage, and tobacco retail, pharmaceutical and cosmetics retail, supermarkets, and department stores by 3.7%, 3.9%, 6.2%, 4.4%, and 2.1%, respectively; while the fabric and apparel retail industry saw a decrease of 2.8% due to a slowdown in luxury goods sales.
As for the catering industry, February's catering revenue was 82.8 billion NT dollars, a year-on-year decrease of 9.2%, mainly due to the differing timing of the Lunar New Year. The cumulative sales revenue for January to February reached 188.5 billion NT dollars, a new high for the same period in history, with an annual increase of 4.1%. Among them, restaurants and beverage shops were driven by the holiday attraction effect, with an annual increase in dining out and hot beverage sales of 3.9% and 4.0%, respectively; the catering and meal delivery industry also experienced growth of 8.4% in airline meal sales due to the rebound in cross-border travel demand.