Taiwan Industry

Taiwan

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.

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 October 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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