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Taiwan's industrial output rose 1.01% annually in September, after falling 9.5% in the previous month, the Ministry of Economic Affairs said Friday. Economists expected a 4.9% fall. This is the first rise in output in about 13 months.
Manufacturing output rose 0.99%, while production of utilities was up 3.72%. However, mining and quarrying output fell 1.59%.
Month-on-month, industrial output rose a seasonally adjusted 6.5%, reversing a 0.23% drop in the previous month.
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