Taiwan Industry

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.8% this year, which is up 0.5 percentage points from last month’s forecast. For 2015, participants expect industrial output to reach 3.7%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry Chart


Taiwan Industry August 2014

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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