Taiwan Industry December 2018

Taiwan

Taiwan: Industrial production declines in December as external demand falters

January 23, 2019

Industrial output fell 1.2% year-on-year in December, contrasting the 2.4% growth logged in November. This was furthermore the first time output contracted in over two-and-a-half years, with the exception of February 2018’s negative print, which was caused entirely by calendar effects due to seasonal holidays.

Output in the manufacturing sector—which represents more than 90% of total industrial production—fell 1.5% in December, down from the 2.5% growth registered in November. On the positive side, output growth in electricity and gas supply as well as mining and quarrying accelerated, while water supply rebounded from November’s contraction.

On a seasonally-adjusted month-on-month basis, industrial output contracted 0.4% in December, following November’s sharper 2.1% decline. Annual average growth in industrial production meanwhile tumbled from 4.1% in November to 3.7% for the full year 2018.

Analysts participating in the FocusEconomics Consensus Forecast expect industrial production to expand 3.0% in 2019, which is unchanged from last month’s forecast. For 2020, participants expect industrial output to grow 2.7%.


Author:, Economist

Sample Report

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

Download

Taiwan Industry Chart


Taiwan Industry December 2018 1

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


Taiwan Economic News

More news

Search form