Taiwan: Industrial production growth slows in January
February 23, 2011
In January, industrial production expanded 17.2% over the same month last year, which was below the revised 18.9% expansion (previously reported: +18.2% year-on-year) recorded in December. The expansion was slightly below market expectations, which had anticipated industrial output growing 17.5%. A month-on-month comparison corroborates the slowdown suggested by annual figures, as industrial production expanded 1.44% over the previous month in seasonally adjusted terms, which was less than half of the 3.38% expansion observed in December. As a result, annual average growth in industrial production stepped down from 26.9% in December to 23.6% in January. The government anticipates GDP to expand 4.9% in 2011.