Cityscape at night in Taiwan

Taiwan Industrial production November 2023

Taiwan: Industrial activity drops again in November

Industrial output slid 2.5% compared to the same month of the previous year in November, which was a larger contraction than October’s 2.3% decrease. The figure was largely due to sharper contractions in energy and manufacturing production.

On a monthly basis, industrial output dropped 0.2% in seasonally adjusted terms in November, contrasting October’s 3.4% expansion and marking the worst result since June. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 13.1% in November, up from October’s minus 13.6% reading.

Rising demand for AI and cloud applications, tech companies’ new product launches, and a tougher base effect should support a return to growth in industrial production in 2024.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest