Taiwan Industry April 2015

Taiwan

Taiwan: Industrial production contracts at a sharper rate in April

May 23, 2016

In April, industrial production fell a working-day adjusted 4.1% over the same month last year. The result marked a sharper contraction than the revised 2.9% drop tallied in March (previously reported: -3.6% year-on-year). April’s reading came on the back of a contraction in three of the five components of the index, with construction tallying the steepest decline.

A month-on-month comparison showed that industrial output dropped a seasonally-adjusted 0.8% in April, which contrasted with the 1.3% increase tallied in March. The annual average growth in industrial production plunged from minus 4.0% in March to minus 4.4% in April, which marked the lowest level since December 2009.

FocusEconomics Consensus Forecast panelists expect growth in industrial production to be flat in 2016, which is down 0.4 percentage points from last month’s forecast. For 2017, participants expect growth in industrial output to reach 3.3%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry April 2016

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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