Bearish outlook due to sluggish American and EU economies and financial woes
Despite the European debt crisis, anemic American economic recovery, and disrupted car-making and PC sector after the earthquake in Japan last March, Taiwan’s fastener industry produced NT$33 billion of various items in the third quarter of 2011 for a 3% increase from a quarter ago, with NT$31 billion of which exported to hit an all-time high, according to statistic compiled by the Metal Industries Research & Development Center (MIRDC). (…)
