Taiwan: Growth in industrial production falls
December 23, 2014
In November, industrial production increased a working-day adjusted 6.9% over the same month last year, which undershot market expectations of an 8.8% rise and marked a four-month low. In addition, the reading was below the 9.1% increase tallied in October. November’s reading was driven mainly 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 0.81% in November, which was above the 0.77% increase tallied in October. Annual average growth in industrial production rose from 5.4% in October to 6.0% in November, which marked a 36-month high.