Taiwan: Industrial output growth surges in January
Industrial output grew 18.8% compared to the same month a year earlier in January, which was above December’s 10.3% increase. The notable pickup was due to faster growth in all subsectors, although January’s reading was flattered by a favorable base effect, given the Chinese New Year was celebrated in January last year.
On a seasonally-adjusted monthly basis, industrial production rose at a quicker rate of 3.0% in January (December: +1.7% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 9.0% in January, up from 8.9% in the prior month.