Taiwan Industry

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.1% in 2015, which is up 1.3 percentage points from last month’s forecast. For 2016, participants expect industrial output to reach 5.2%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry Chart


Taiwan Industry January 2015

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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