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.
Author: Joffrey Simonet, Economist