Taiwan Industry

Taiwan

Taiwan: Industrial production decelerates in April

May 25, 2015

In April, industrial production increased a working-day adjusted 1.1% over the same month last year. The increase came in well below the 6.7% rise tallied in March (previously reported: +6.5% year-on-year) and marked the lowest reading since January 2014. April’s deceleration was mainly driven by a sharp contraction in the electricity and gas sector.

A month-on-month comparison shows that industrial output fell a seasonally-adjusted 4.0% in April, which contrasted the 0.6% increase tallied in March and was the lowest reading in over three years. Annual average growth in industrial production fell from 7.0% in March to 6.6% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.9% in 2015, which is down 0.2 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 April 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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