Taiwan: Industrial production marks strongest drop in four months in August
September 26, 2013
In August, industrial production plunged 0.7% over the same month last year, which contrasts the 2.1% increase observed in July. In addition, the figure also contrasts market expectations of a 2.0% rise. The biggest contraction was seen in manufacturing.
Compared to the previous month, industrial production plunged 0.3% in seasonally adjusted terms, which contrasts the 0.9% increase seen in July. Meanwhile, annual average growth in industrial production edged down from 1.8% in July to 1.6% in August.
FocusEconomics Consensus Forecast panelists expect industrial production to rise 2.1% this year, which is down 0.1 percentage points from last month's forecast. For 2014, participants expect industrial output to pick up to 3.6%.