Taiwan Industrial production April 2022

Taiwan

Taiwan: Industrial output growth improves in April

May 23, 2022

Industrial production increased 7.3% year-on-year in April (March: +2.4% yoy). March’s reading was likely weighed down by a mass power outage early in the month. The improvement in April was largely due to faster growth in manufacturing output, with semiconductor production growing particularly strongly. In addition, electricity and gas supply output improved.

On a seasonally-adjusted monthly basis, industrial output rebounded strongly, rising 4.1% in April (March: -6.3% mom), the best result since February 2021. Meanwhile, annual average industrial production growth fell to 11.1% in April (March: +11.7%).

Panelists see industrial output expanding 5.5% in 2022, which is down 0.2 percentage points from last month’s forecast, and 3.2% in 2023.


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Taiwan Industrial production Chart


Taiwan Industry April 2022

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Ministry of Economic Affairs.


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