Taiwan: Growth in industrial production accelerates
September 23, 2014
In August, industrial production increased a working-day adjusted 7.0% over the same month last year. The reading was above the 6.2% increase tallied in July and overshot the 6.8% expansion the market had expected. August’s reading reflected a broad-based improvement within almost all sub-categories that compose the index, which registered stronger growth rates than in the previous month.
A month-on-month comparison showed that industrial output rose a seasonally-adjusted 1.36% in August, which contrasted the 0.25% decrease tallied in July. Due to the annual expansion in August, annual average growth in industrial production rose from 3.2% in July to 3.9% in August, which marked the highest level since December 2011.