Taiwan: Industrial production goes into reverse in September
October 23, 2019
Industrial output decreased 0.8% in September compared to the same month a year earlier, contrasting the revised 2.4% increase in August (previously reported: +2.3% year-on-year).
The downturn in September was driven by lower output in the manufacturing sector, which represents more than 90% of total industrial production; and lower output in the electricity and gas supply sector. On the other hand, output in the water supply sector increased in September.
On a seasonally-adjusted month-on-month basis, industrial output fell 2.3% in September, contrasting the 0.2% increase in August. Annual average growth in industrial production, meanwhile, slowed to 0.1% in September from 0.3% in August.
Author: Edward Gardner, Economist