Taiwan Industry


Contraction in industrial production intensifies in August

In August, industrial production fell a working-day adjusted 5.5% over the same month last year. The figure was a stark deterioration over the revised 2.7% contraction tallied in July (previously reported: -3.0% year-on-year) and marked the largest fall since February 2013. The result was driven by more pronounced contractions in manufacturing as well as in water supply production.

A month-on-month comparison shows that industrial output fell a seasonally-adjusted 1.7% in August, which followed the revised 0.7% fall tallied in July (previously reported: -1.0% month-on-month). Annual average growth in industrial production fell from 4.3% in July to 3.3% in August, which marked an over-one-year low.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.5% in 2015, which is down 1.2 percentage points from last month’s forecast. For 2016, participants expect industrial output to reach 3.9%.

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Taiwan Industry Chart

Taiwan Industry August 2015

Note: Year-on-year and annual average var. of industrial production index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).

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