Taiwan Industry October 2015


Taiwan: Industrial production decelerates in October

November 23, 2016

Industrial production increased 3.7% in October from the same month last year, moderating from the revised 4.6% expansion recorded in September (previously reported: +5.0% year-on-year).

Manufacturing production—which contributes 93% to overall industrial output—expanded 5.7% annually in October (September: +6.0% yoy). Conversely, mining and quarrying contracted at a double-digit rate again in October (October: -16.9% yoy, September: -12.3% yoy) and activity in construction deteriorated further.

A month-on-month comparison shows that industrial output expanded a seasonally-adjusted 1.6% in October, which contrasted September’s 1.0% increase. The trend suggests that the ongoing slow recovery in the sector continues, as the annual average variation in industrial production rose from minus 1.5% in September to minus 0.7% in October.

Analysts participating in our Consensus Forecast expect that industrial production will continue to recover in the coming months. They expect industrial production to contract 0.2% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, participants expect industrial output to rebound and expand 2.1%, which is up 0.1 percentage points from last month’s forecast.

Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Taiwan? Download a sample report now.


Taiwan Industry Chart

Taiwan Industry October 2016

Note: Year-on-year and annual average var. of industrial production index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).

Taiwan Economic News

  • Taiwan: Growth accelerates in Q4 2019

    February 12, 2020

    The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.

    Read more

  • Taiwan: Exports and imports slump in January, trade surplus widens

    February 7, 2020

    Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.

    Read more

  • Taiwan: Inflation jumps to 21-month high in first month of the year

    February 6, 2020

    Consumer prices increased 0.59% in January compared with the previous month, accelerating from December ’s revised 0.06% increase (previously reported: +0.04%).

    Read more

  • Taiwan: Manufacturing PMI rises to 17-month high in January

    February 3, 2020

    The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.

    Read more

  • Taiwan: Industrial production soars in December

    January 22, 2020

    Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.

    Read more

More news

Search form