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.