Taiwan Industrial production April 2020

Taiwan

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%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 0.4% in 2020, which is up 0.4 percentage points from last month’s forecast. In 2021, panelists expect industrial output to grow 3.8%.


Author:, Economist

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Taiwan Industry April 20 20

Note: Year-on-year and annual average var. of industrial production index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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