In October, industrial production expanded a subdued 1.4% over the same month last year, which was below the 1.8% increase seen in September and marked the slowest expansion since September 2009. The reading reflects a deceleration in the manufacturing sector, on the back of a slowdown in global demand. The September print fell short of market expectations, which had industrial output accelerating to a 2.5% expansion. A month-on-month comparison, however, does not corroborate the slowdown suggested by the annual figures. Industrial production expanded 2.52% over the previous month in seasonally adjusted terms, which contrasted the 2.32% contraction in September, and marked the first expansion in three months. As a result of the deceleration in annual figures, industrial output continued to trend downwards, with annual average growth in industrial production dropping from 10.1% in September to 9.0% in October.
Industrial output decelerates in October
December 5, 2011
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Taiwan Economic News
October 9, 2016
In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance.
October 5, 2016
In September, consumer prices increased 0.45% over the previous month, which was a rebound from the 0.03% fall recorded in August.
October 3, 2016
Taiwanese manufacturers registered better business conditions for the fourth consecutive month in September.
September 29, 2016
At its quarterly monetary policy meeting on 29 September, the Central Bank of the Republic of China (Taiwan) decided to leave the discount rate unchanged at 1.375%, which was a decision that markets had expected, although some analysts had foreseen a further reduction to the key policy rate. The Central Bank has cut the main monetary policy rate four times since September 2015 by a total of 50 basis points and this time the authority decided to leave interest rates unchanged “against a back drop of moderate global growth and renewed momentum for the domestic economy, along with a mild inflation outlook for next year.” Regarding global developments and how they affect the Taiwanese economy, the Central Bank stated that the global economy continues to decelerate as a result of slower economic growth in the U.S., a still tepid recovery in the Eurozone economy and sluggish economic activity in Japan.
September 27, 2016
Taiwan’s industrial output increased substantially in August, backed by a base effect but also due to strong growth in semiconductor manufacturers’ output, which benefited from the debut of Apple’s latest iPhone model.