Taiwan: Industrial production expands again in March
April 25, 2014
In March, industrial production grew a working-day adjusted 3.1% over the same month last year. The figure came in below the 6.8% rise registered in February and was on par with market. Expansions in manufacturing and in electricity and gas supply were the most important drivers behind the monthly rise.
Compared to the previous month, industrial output dropped 2.1% in seasonally-adjusted terms, which contrasts the 1.3% expansion observed in February. Despite the lower figure, annual average growth in industrial output rose from 0.6% in February to 1.1% in March.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.1% this year, which is down 0.1 percentage points from last month's forecast. For 2015, participants expect industrial output to pick up to 3.6%.
Author: Ricardo Aceves, Senior Economist