Taiwan: Industrial production contracts for second consecutive month in June
July 24, 2015
In June, industrial production fell a working-day adjusted 1.4% over the same month last year. The figure was an improvement over the revised 3.5% contraction tallied in May (previously reported: -3.2% year-on-year) and marked the second consecutive drop in a row. The result was driven by less pronounced contractions in the manufacturing and electricity and gas sectors compared to last month.
A month-on-month comparison shows that industrial output rose a seasonally-adjusted 0.9% in June, which contrasted the revised 2.3% decrease tallied in May (previously reported: -2.0% month-on-month). Annual average growth in industrial production fell from 5.9% in May to 5.0% in June.