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.