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.