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.