Taiwan Industry September 2019

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.4% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, participants expect industrial output to grow 3.2%.


Author:, Economist

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Taiwan Industry September 2019

Note: Year-on-year and annual average var. of industrial production index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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