Taiwan Industrial production July 2020

Taiwan

Taiwan: Industrial output growth dips in July

August 25, 2020

Industrial output increased 2.6% compared to the same month of the previous year in July, which followed June's 7.2% increase.

The figure was largely driven by a deterioration in manufacturing production. In contrast, electricity and gas supply output growth remained stable at the outset of Q3.

On a monthly basis, industrial output fell 0.2% in seasonally-adjusted terms in July, contrasting June’s 1.4% expansion. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 4.4%, down from June's 4.5%.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.8% in 2020, which is up 1.1 percentage points from last month’s forecast. For 2021, participants expect industrial output to grow 4.1%.


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