Taiwan Industry

Taiwan

Taiwan: 5th consecutive expansion in industrial production reaches fastest pace in over a year

July 23, 2014

In June, industrial production surged a working-day adjusted 8.6% over the same month last year. The reading marked an acceleration over the 5.4% increase tallied in May and represented the fifth consecutive expansion as well as the fastest pace since January 2013. In addition, the print overshot the 6.0% increase the market had expected. June’s reading reflected a broad-based acceleration with almost all sub-categories that compose the index registering faster growth rates than in the previous month.

A month-on-month comparison showed that industrial output increased a seasonally-adjusted 1.85% in June, which came in above the 0.95% expansion tallied in May. Due to the expansion in June, annual average growth in industrial production rose from 2.1% in May to 2.9% in June, which marked the highest level since January 2013.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.1% this year, which is up 0.1 percentage points from last month’s forecast. For 2015, participants expect industrial output to pick up to 3.7%.


Author:, Senior Economist

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Taiwan Industry June 2014

Note: Year-on-year and annual average var. of industrial production index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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