Industry in Taiwan

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Taiwan - Industry

Industrial production marches on in March

Industrial output increased 10.4% in March compared to the same month a year earlier, slowing from the stellar 20.7% growth recorded in February. As such, industrial output expanded 9.7% on average across in first three months of the year.

The reading in March reflected a slower expansion in manufacturing sector output—which represents more than 90% of total industrial production—as the pace of growth nearly halved from February’s five-year high. Expansion also slowed in the mining, energy and water supply sectors, although remained robust across all sub-sectors nonetheless.

On a seasonally-adjusted month-on-month basis, industrial output inched up 0.2% higher in March, having fallen 4.9% in February. Meanwhile, annual average growth in industrial production rose 3.2% in March, picking up from the 1.5% increase recorded in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.0% in 2020, which is down 0.9 percentage points from last month’s forecast. In 2021, panelists expect industrial output to grow 3.5%.

Taiwan - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-1.3  2.0  5.0  3.6  -0.3  

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Taiwan Industry Chart

Taiwan Industry
Note: Annual variation of industrial production in %.
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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