Taiwan Industry

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.1% in 2015, which is up 1.3 percentage points from last month’s forecast. For 2016, participants expect industrial output to reach 5.2%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry November 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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