Taiwan Industry

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.5% in 2015, which is down 0.6 percentage points from last month’s forecast. For 2016, participants expect industrial output to reach 4.9%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry June 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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