Taiwan Industry

Taiwan

Taiwan: Growth in industrial production picks up in December

January 23, 2015

In December, industrial production increased a working-day adjusted 7.3% over the same month of the previous year, which overshot market expectations of a 4.8% rise. The reading was above the 6.7% increase tallied in November. December’s reading was driven mainly by an acceleration in manufacturing as well as in mining and quarrying.

A month-on-month comparison showed that industrial output fell a seasonally-adjusted 0.01% in December, which contrasted the 0.67% increase tallied in November and marked the steepest decrease in five months. Annual average growth in industrial production rose from 6.0% in November to 6.2% in December, which marked a 37-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 Chart


Taiwan Industry December 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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