Taiwan: Industrial output expands for third month in a row in April
May 25, 2020
Industrial output rose 3.5% in year-on-year terms in April, which followed March's revised 11.2% increase (previously reported: +10.4% year-on-year).
April's notable slowdown was primarily due to decelerating output in the manufacturing sector—which represents more than 90% of total industrial production—while activity in energy and water supply sectors slipped into contraction in the month.
On a monthly basis, factory output fell 0.1% in April (March: +0.7% yoy). Meanwhile, the trend improved modestly, with annual average growth of industrial production coming in at 3.5% in April, up from March's 3.2%.
Author: Stephen Vogado, Economist