Taiwan Industry November 2015

Taiwan

Taiwan: Contraction in industrial productions softens in November

January 5, 2016

In November, industrial production fell a working-day adjusted 4.9% over the same month last year. The decline was above than the revised 6.3% contraction tallied in October (previously reported: -6.2% year-on-year). November’s reading came on the back of notable contractions in four of the five components of the index and marked the seventh consecutive drop in industrial production

A month-on-month comparison shows that industrial output expanded a seasonally-adjusted 0.3% in October, which came in below the 0.7% increase tallied in October. Annual average growth in industrial production, on the other hand, swung from a 0.7% expansion in October to a 0.3% contraction in November. November’s print is the worst reading since January 2014.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 2.8% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, participants expect industrial output to reach 4.1%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry November 2015

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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