Taiwan: Industrial production accelerates in March
April 23, 2015
In March, industrial production increased a working-day adjusted 6.5% over the same month last year, which overshot market expectations of a 5.5% rise. The reading was above the 2.7% increase tallied in February, which had marked an over-one-year low. March’s acceleration was mainly driven by a pick-up in manufacturing. In contrast, mining and quarrying swung to a contraction in March.
A month-on-month comparison shows that industrial output rose a seasonally-adjusted 0.6% in March, which was below the 1.5% increase tallied in February. Annual average growth in industrial production rose from 6.8% in February to 7.0% in March.