Taiwan Industry

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.7% this year, which is unchanged from last month’s forecast. For 2015, participants expect industrial output to pick up to 3.3%.


Author:, Senior Economist

Sample Report

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

Download

Taiwan Industry Chart


Taiwan Industry April 2014

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