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.