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.