Taiwan Industry

Taiwan

Taiwan: Growth in industrial production moderates

August 25, 2014

In July, industrial production increased a working-day adjusted 6.1% over the same month last year. The reading marked a slight moderation over the 8.6% increase tallied in June and overshot the 5.1% increase the market had expected. July’s reading reflected a broad-based slowdown with almost all sub-categories that compose the index, registering softer growth rates than in the previous month. In addition, construction deteriorated markedly in July.

A month-on-month comparison showed that industrial output contracted a seasonally-adjusted 0.34% in July, which contrasted the 1.83% expansion tallied in June. Due to the annual expansion in July, annual average growth in industrial production rose from 2.9% in June to 3.2% in July, which marked the highest level since December 2011.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.1% this year, which is up 0.1 percentage points from last month’s forecast. For 2015, participants expect industrial output to pick up to 3.7%.


Author:, Senior Economist

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Taiwan Industry July 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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