Taiwan Industrial production November 2020

Taiwan

Taiwan: Industrial output growth picks up pace in November

December 23, 2020

Industrial output rose 7.8% in November (October: +6.4% yoy). November's upturn was primarily due to a pick-up in manufacturing, and electricity and gas supply output.

On a seasonally-adjusted monthly basis, factory output rose 1.3% in November (October: -1.1% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 6.8%, up from October's 6.3%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 5.7% in 2021, which is up 1.0 percentage points from last month’s forecast. For 2022, participants expect industrial output to grow 5.0%.


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Taiwan Industry November 20 20

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


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