Taiwan: Industrial production expands for 3rd consecutive month
May 23, 2014
In April, industrial production grew a working-day adjusted 4.8% over the same month last year. The figure represented an acceleration compared to the 3.2% increase registered in March and marked the third consecutive month of expansion. April’s strong increase, which overshot the 3.6% expansion that markets had expected, reflected a notable increase in manufacturing production as well as in construction.
Compared to the previous month, industrial output rebounded from a seasonally-adjusted 1.9% decrease in March to a 1.7% expansion in April. Due to the strong annual figure, annual average growth in industrial output rose from 1.1% in March to 1.6% in April.
Author: Ricardo Aceves, Senior Economist