Taiwan: Industrial output continues to surge in July
Latest reading: Industrial output expanded 18.1% compared to the same month a year earlier in July, which was a deterioration from June’s 18.3% increase but remained extremely high by historical standards. The double-digit annual increase was driven chiefly by booming manufacturing output as rising global AI demand and front-loading ahead of future U.S. tariffs boosted IT and electronics sales.
On a monthly basis, industrial production dropped 1.4% in seasonally adjusted terms in July, a softer than June’s 4.2% fall. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 15.1% in July, up from June’s 14.7%.