Taiwan Industry

Taiwan

Taiwan: Growth in industrial production accelerates to 20-month high

October 23, 2014

In September, industrial production increased a working-day adjusted 10.3% over the same month last year, which marked the highest growth rate since January 2013 The reading was above the 6.9% increase tallied in August and overshot the 6.8% expansion the market had expected. September’s reading was driven partly by an improvement in manufacturing as well as by mining and quarrying. In contrast, growth in electricity and gas supply decreased compared to the previous month.

A month-on-month comparison showed that industrial output rose a seasonally-adjusted 0.61% in September, which was well below the 1.29% increase tallied in August. Due to the annual expansion in September, annual average growth in industrial production rose from 3.9% in August to 4.7% in September, which marked a 33-month high.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.1% this year, which is up 1.3 percentage points from last month’s forecast. For 2015, participants expect industrial output to reach 5.2%, which is up 1.5 percentage points from the previous month’s Consensus.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry September 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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