Taiwan Industry

Taiwan

Taiwan: Industrial production contracts in May

June 24, 2015

In May, industrial production fell a working-day adjusted 3.2% over the same month last year. The figure notably contrasted the 1.3% rise tallied in April (previously reported: +1.1% year-on-year) and marked an over-two-year low. May’s drop was driven by sharp deteriorations in the manufacturing and electricity and gas sectors.

A month-on-month comparison shows that industrial output fell a seasonally-adjusted 2.0% in May, which followed the 3.7% decrease tallied in April (previously reported: -4.0% month-on-month). Annual average growth in industrial production fell from 6.6% in April to 5.9% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.1% in 2015, which is down 0.8 percentage points from last month’s forecast. For 2016, participants expect industrial output to reach 5.1%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Industry May 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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