Taiwan Industry

Taiwan

Taiwan: Industrial production drops for sixth consecutive month

November 23, 2015

In October, industrial production fell a working-day adjusted 6.2% over the same month last year. The decline was steeper than the revised 5.5% contraction tallied in September (previously reported: -5.3% year-on-year). October’s reading came on the back of notable contractions in four of the five components of the index and marked the biggest contraction since February 2013.

A month-on-month comparison shows that industrial output expanded a seasonally-adjusted 0.7% in October, which is an increase compared to? the revised 0.3% increase tallied in September (previously reported: +0.5% month-on-month). Annual average growth in industrial production fell from 2.0% in September to 0.7% in October, which marked the lowest level since February 2014.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 2.8% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, participants expect industrial output to reach 4.1%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry October 2015 0

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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