Taiwan Industrial production June 2020

Taiwan

Taiwan: Industrial output rises in June

July 23, 2020

Industrial output expanded 7.3% compared to the same month of the previous year in June, which followed May's 1.7% increase.

June's upturn was primarily due to an improvement in manufacturing and electricity and gas supply production.

On a seasonally-adjusted monthly basis, factory output rebounded 1.5% in June (May: -0.8% mom), the best result since January. Annual average industrial production growth rose to 4.6% in June (May: +3.9%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.7% in 2020, which is up 0.7 percentage points from last month’s forecast. For 2021, participants expect industrial output to grow 4.3%.


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Taiwan Industry June 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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