Taiwan: Contraction in industrial production intensifies in August
September 25, 2015
In August, industrial production fell a working-day adjusted 5.5% over the same month last year. The figure was a stark deterioration over the revised 2.7% contraction tallied in July (previously reported: -3.0% year-on-year) and marked the largest fall since February 2013. The result was driven by more pronounced contractions in manufacturing as well as in water supply production.
A month-on-month comparison shows that industrial output fell a seasonally-adjusted 1.7% in August, which followed the revised 0.7% fall tallied in July (previously reported: -1.0% month-on-month). Annual average growth in industrial production fell from 4.3% in July to 3.3% in August, which marked an over-one-year low.