Taiwan Industry January 2015

Taiwan

Taiwan: Drop in industrial production softens in January

February 26, 2016

In January, industrial production fell a working-day adjusted 5.7% over the same month last year. The decline marked a softer contraction from the revised 5.8 drop tallied in December (previously reported: -6.2% year-on-year). January’s reading came on the back of a contraction in four of the five components of the index where the manufacturing component tallied the biggest drop.

A month-on-month comparison shows that industrial output dropped a seasonally-adjusted 0.5% in January, which marked a slight deterioration from the revised 0.3 decline tallied in December (previously reported: -0.4 month-on-month). Annual average growth in industrial production plunged from minus 1.6% in December to minus 2.6% in January, which marked the lowest level since December 2009.

FocusEconomics Consensus Forecast panelists expect that industrial production will grow 1.0% in 2016, which is down 1.8 percentage points from last month’s forecast. For 2017, participants expect growth in industrial output to reach 3.0%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry January 2016

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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