In the third quarter, the amount of domestic fixed assets purchased by manufacturing investment (excluding land) was 497 billion yuan, a quarterly decrease of 7.8%.

The main reason is that the terminal consumer demand has weakened, which has led to a slowdown in the investment process of the semiconductor industry and a reduction in capital expenditure.

(Schematic, Bloomberg)

[Reporter Liao Jianing/Report from Taipei] The Ministry of Economic Affairs announced today (12th) the "Survey Report on Manufacturing Investment and Operations in the Third Quarter". The increase in domestic fixed asset purchases reached 497 billion yuan; among them, the industry with the highest annual growth rate is The metal products industry grew by 29.4% year-on-year due to the continuous construction of factories by offshore wind power companies and the introduction of smart manufacturing and green power equipment.

The Ministry of Economic Affairs stated that looking forward to the future, the construction of offshore wind power will continue to advance, which is expected to inject momentum into investment in my country's manufacturing industry.

According to the analysis of the Statistical Office, in the third quarter, in terms of changes in manufacturing investment and operating income, the increase in domestic fixed asset purchases (in line with the definition of national income statistics excluding land) was 497 billion yuan, a quarterly decrease of 7.8% and an annual increase of 0.1%, mainly due to chemical materials and metals. Manufacturers of products and other products expand their factories and purchase additional equipment, and the major construction of state-owned enterprises continues. However, due to the weakening of end consumer demand, the semiconductor industry's investment process has slowed down, capital expenditures have decreased, and the overall performance has been lowered.

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In the third quarter, the operating income of the manufacturing industry (including income from overseas production) was 8,989.3 billion yuan, a record high in the same quarter over the years, with a quarterly increase of 3.1% and an annual increase of 7.0%, mainly due to the launch of new international brand mobile phones, as well as high-performance computing, The demand for emerging technology applications such as automotive electronics continued, and the international oil price continued to increase compared with the same period of the previous year, which drove the continued growth of revenue.

In terms of the pattern of increased purchases of fixed assets, "machinery and miscellaneous equipment" accounted for the largest increase in purchases in the third quarter, accounting for 80.3%, an annual decrease of 2.0%; followed by "housing and construction projects" accounted for 18.9%, an annual increase of 9.6%.

In terms of industry observation, the electronic component industry increased its fixed assets purchase by 329.8 billion yuan, accounting for 66.4% of the manufacturing industry and ranking first among all industries, with a year-on-year decrease of 5.1%, mainly due to the slowdown in terminal demand, which led to the deferred part of the capital expenditure of the semiconductor industry , coupled with the higher base period of the same period last year.

The chemical materials industry increased purchases by 26.2 billion yuan, an annual increase of 21.1%, mainly due to the continued demand for vehicles, 5G, and cloud, which pushed up the growth of demand for semiconductor materials, silicon wafers and related chemicals, and encouraged supply chain manufacturers to expand factories and production lines. Due to the restoration and improvement of production equipment carried out by some operators.

The purchase of metal products increased by 17.6 billion yuan, an annual increase of 29.4%, mainly due to the continuous construction of factories by offshore wind power companies, and the introduction of smart manufacturing and green power equipment by some companies.

The petroleum and coal products industry increased purchases by 13 billion yuan, an annual increase of 19%, mainly due to the continuous injection of major construction investment in state-owned enterprises and the substantial growth in capital expenditure.

Computer electronic products and optical products industry: purchases increased by 13 billion yuan, an annual decrease of 15.1%, mainly due to the cross-industry investment made by some industry players in the same period last year, and the purchase of related equipment in response to the demand for terminal electronic products, which increased the base period of comparison.

The purchase of machinery and equipment increased by 12.1 billion yuan, an annual increase of 5.3%, mainly due to the continuous expansion of factories and the replacement of equipment by some manufacturers in response to future production capacity needs.

The basic metal industry increased its purchases by 11.1 billion yuan, an annual increase of 3.5%, mainly due to the fact that some companies purchased and built factories, optimized production lines and updated and upgraded related equipment in order to strengthen production capacity and operation layout.

Looking into the future, the Statistical Office said that with the gradual implementation of manufacturers' investment plans to return to Taiwan and the continuous advancement of offshore wind power construction, it is expected to inject momentum into my country's manufacturing investment. Under the influence of zero policies, etc., the uncertainty of the global economic outlook has increased, which may lead to a conservative wait-and-see in corporate investment plans.

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