The Taiwan Institute of Comprehensive Economics announced today (21) the EPI Electricity Prosperity Index for February, and the industrial electric power prosperity indicator continues to be blue.

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〔Financial Channel/Comprehensive Report〕Taiwan General Research Institute today (21) released Taiwan's EPI electricity prosperity index for February. In February, the electricity consumption of industries above high voltage increased slightly by 0.62% compared with the same period last year.

However, the country’s industrial electricity consumption is still affected by the recession in the international economy, domestic production momentum is weak, and the overall industrial electricity prosperity light continues to be blue. The economic growth in February is expected to be -1.2%.

The Taiwan Institute of Comprehensive Economics pointed out that from 2023 to the present, major economies such as the United States and Europe have continued to raise interest rates in order to curb inflation, and under the influence of the continued stalemate in the Russia-Ukraine war, global end demand has cooled significantly, and economic growth in various countries has become more sluggish compared to the fourth quarter of last year. , my country's economic and trade momentum has shrunk sharply, and export orders have shown negative growth for 6 consecutive blacks.

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Since the growth of electricity consumption in domestic industrial production turned dark in July last year, in February this year, due to the reduction in the number of working days during the Spring Festival in the same period last year, the growth of electricity consumption showed positive growth again; however, the increase in the number of working days in February could only offset the increase in electricity consumption The reduction in electricity consumption brought about by the economic recession, the cumulative electricity consumption from January to February increased by -6.89% compared with the same period last year, showing that the domestic economy continues to decline.

It is forecast that the economic growth rate in February 2023 will be negative 1.2%.

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