Taiwan IPI decline decelerates in February, manufacturing down 28%

Taiwan's industrial production index (IPI) posted an annual decrease of 27.14% in February 2009, with the manufacturing sector decreasing 27.65%, according to Taiwan's Ministry of Economic Affairs (MOEA).

Export orders amounted to US$20.12 billion last month, down 22.27% over February 2008, but, thanks to a surge in short lead time orders, grew 13.81% on month.