Cityscape at night in Taiwan

Taiwan Industrial production March 2022

Taiwan: Industrial output records lowest expansion since May 2020 in March

Industrial output expanded 2.2% compared to the same month of the previous year in March, which was a deterioration from February’s 9.5% increase. March’s outturn marked the worst reading since May 2020 and was much lower than expectations. The notable weakening was partly due to a deterioration in manufacturing production growth, which expanded at the slowest pace since May 2020. In addition, electricity and gas supply production lost steam.

On a seasonally-adjusted monthly basis, factory output plummeted 6.5% in March (February: +3.4% mom), the worst result since December 2008. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 11.6% in March, down from February’s 13.0%. A large power blackout early in month and lockdowns in mainland China hitting demand and supply chains likely weighed on March’s industrial production figures.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest