Taiwan Industrial production October 2021

Taiwan

Taiwan: Industrial output records slowest expansion since February in October

November 23, 2021

Industrial output increased 11.2% compared to the same month of the previous year in October, which was a deterioration from September's 11.6% increase. The outturn marked the worst reading since February. The reading largely reflected weaker manufacturing output growth. In addition, water supply production contracted at a steeper rate.

On a seasonally-adjusted monthly basis, factory output rose at a more moderate pace of 0.2% in October (September: +1.8% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 12.9%, up from September's 12.5% reading.

Panelists see industrial output expanding 4.2% in 2022, which is unchanged from last month’s forecast, and 3.5% in 2023.


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Taiwan Industry October 2021 0

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


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