Taiwan Industry November 2018

Taiwan

Taiwan: Industrial production growth falls in November following October surge

December 24, 2018

Industrial output expanded 2.1% year-on-year in November, down markedly from the 8.3% growth registered in October.

Aside from a slowdown in the manufacturing sector—which represents more than 90% of total industrial production—the November reading was weighed by a contraction in mining and quarrying output as well as lower water supply. On the other hand, electricity and gas production recovered from the contraction observed in October.

On a seasonally-adjusted month-on-month basis, industrial output contracted 2.3% in November, contrasting October’s 1.1% rise. Annual average growth in industrial production, on the other hand, was stable at October’s 4.1% in November.

Analysts participating in the FocusEconomics Consensus Forecast expect industrial production to expand 3.0% in 2019, which is unchanged from last month’s forecast. For 2020, participants expect industrial output to grow 2.8%.


Author:, Economist

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Taiwan Industry November 2018

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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