In May, industrial production expanded a moderate 7.8% over the same month last year. In part, the reading reflects an unfavourable base effect, as industrial output expanded 33.8% in May 2010. However, more importantly, the slowdown reflects a plunge in Japanese supply of components and raw materials that began to take effect the month before. In April, output expanded 7.2% year-on-year, which had marked a notable deceleration after industrial output grew at double-digit rates for 17 consecutive months. The expansion, nonetheless, overshot market expectations, which saw industrial output growth slowing further to 5.9%. A month-on-month comparison corroborates the deceleration suggested by the annual figures, as industrial production contracted 0.67% over the previous month in seasonally adjusted terms, which followed a 3.51% drop in April. Consequently, the trend in industrial output also continues to point downwards, with annual average growth in industrial production stepping down from 17.8% in April to 15.9% in May.
Industrial production slows in May
June 23, 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.