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.