Taiwan Industry

Taiwan

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.

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 March 2015

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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