Taiwan: Growth in industrial production slows in February
March 23, 2015
In February, industrial production increased a working-day adjusted 3.3% over the same month of last year, which overshot market expectations of a 1.2% rise. The reading was below the 7.6% increase tallied in January and marked an over-year low. February’s slowdown was mainly driven by a deceleration in manufacturing as well as a deterioration in electricity and gas supply. In contrast, mining and quarrying accelerated compared to the previous month.
A month-on-month comparison shows that industrial output rose a seasonally-adjusted 2.0% in February, which contrasted the 2.1% decrease tallied in January. Annual average growth in industrial production fell from 7.2% in January to 6.8% in February.