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2025-04-19

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

The latest industrial production index has been released! The last two months have achieved double-digit growth.
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The Ministry of Economic Affairs' Statistical Office released the latest data showing that the wholesale industry's revenue in February reached NT$1.0478 trillion, a year-on-year increase of 24.8%, mainly due to the Lunar New Year impact and an increase in working days. From January to February, the cumulative revenue reached NT$2.1408 trillion, a year-on-year increase of 8.8%, setting a record high. The wholesale industry of machinery and equipment and pharmaceuticals showed significant year-on-year growth, while the wholesale of automobiles and building materials experienced a decline. In February, the retail industry’s revenue was NT$355.6 billion, a year-on-year decrease of 3.8%, influenced by last year's peak consumption during the Lunar New Year, with notable declines in department stores and clothing retailers. The restaurant industry's revenue in February was NT$82.8 billion, a year-on-year decrease of 9.2%, but the cumulative revenue from January to February still reached a record high, driven by holiday promotions.

The latest data on industrial production and wholesale, retail, and food service revenues published by the Ministry of Economic Affairs' Directorate-General of Budget, Accounting, and Statistics indicates that in February, the wholesale industry achieved a revenue of NT$1.0478 trillion, with a year-on-year growth rate of 24.8%. This growth was primarily influenced by the differences in the date of the Lunar New Year over the past two years and an increased number of working days. The cumulative revenue for January and February reached NT$2.1408 trillion, setting a new historical high for the same period, with a year-on-year growth rate of 8.8%. This is mainly attributed to the continuous growth of business opportunities in emerging technologies, the rising demand for medications in domestic hospitals, and the recovery of export capabilities in shoes and apparel. The wholesale of machinery and equipment increased by 21.2%, the wholesale of pharmaceuticals and cosmetics increased by 8.2%, and the wholesale of fabrics and clothing increased by 1.0%. However, the wholesale of motor vehicles and building materials experienced year-on-year declines of 5.3% and 3.4%, respectively, due to a high base in the same period last year and conservative stockpiling in the downstream steel industry.

In the retail sector, the revenue for February was NT$355.6 billion, a year-on-year decrease of 3.8%. This decline was mainly attributed to the peak in travel spending during the Lunar New Year last year, resulting in negative growth for most industries. Among them, department stores, fabric and clothing retail, and hypermarkets saw year-on-year decreases of 19.3%, 21.6%, and 17.0%, respectively, which were particularly pronounced; while the motor vehicle retail industry increased by 20.6% due to the increased number of working days. The cumulative revenue for January and February reached NT$801.5 billion, setting a new historical high for the same period, with a year-on-year growth rate of 1.1%; the motor vehicle retail sector saw a year-on-year increase of 1.9% due to an increase in the delivery volume of some imported cars and electric vehicles. Additionally, benefitting from the holiday shopping demand, baseball games and various Lunar New Year activities attracted a large flow of customers, resulting in year-on-year increases in convenience store, food and beverage, and tobacco retail, pharmaceuticals and cosmetics retail, supermarkets, and department stores of 3.7%, 3.9%, 6.2%, 4.4%, and 2.1%, respectively; however, the fabric and clothing retail sector experienced a year-on-year decline of 2.8% due to a slowdown in sales momentum for domestic high-end brands.

In the food service industry, the revenue for February reached NT$82.8 billion, a year-on-year decrease of 9.2%, primarily due to the differences in the dates of the Lunar New Year. The cumulative revenue for January and February amounted to NT$188.5 billion, setting a new historical high for the same period, with a year-on-year growth rate of 4.1%. Restaurants and beverage shops benefited from the customer attraction effect during the holiday season, complemented by promotions that combined popular themes of the Lunar New Year, Valentine's Day, and the 228 holiday, boosting sales in dining out and hot beverages, with year-on-year growth rates of 3.9% and 4.0%, respectively; the catering and group meal contracting industries also saw a year-on-year increase of 8.4% in sales of airline meals due to the continued recovery in cross-border travel demand.