Taiwan: Growth in industrial production decelerates
November 24, 2014
In October, industrial production increased a working-day adjusted 9.0% over the same month last year, which overshot market expectations of a 7.5% rise. However, the reading was below the 10.2% increase tallied in September, which had represented a 20-month high. October’s reading was driven partly by a deceleration in manufacturing as well as in mining and quarrying. In contrast, growth in electricity and gas supply improved, compared to the previous month.
A month-on-month comparison showed that industrial output rose a seasonally-adjusted 0.68% in October, which was above the 0.55% increase tallied in September. Annual average growth in industrial production rose from 4.7% in September to 5.4% in October, which marked a 35-month high.