Taiwan: Growth in industrial production accelerates in January
March 4, 2015
In January, industrial production increased a working-day adjusted 8.1% over the same month of the previous year, which overshot market expectations of a 4.8% rise. The reading was above the 7.8% increase tallied in December and met market expectations. January’s increase was driven mainly by an acceleration in manufacturing as well as in mining and quarrying. In contrast, building construction decreased compared to the same month of last year.
A month-on-month comparison showed that industrial output fell a seasonally-adjusted 1.63% in January, which contrasted the 0.37% increase tallied in December and marked the steepest decrease in ten months. Annual average growth in industrial production rose from 6.4% in December to 7.2% in January, which marked a 39-month high.