Taiwan Industry

Taiwan

Taiwan: Industrial production moderates at the end of the year

January 23, 2013

In December, industrial production expanded 2.4% over the same month the year before. The figure was down from the 5.9% expansion seen in November and undershot market expectations, which had anticipated industrial production to increase 6.8%. The monthly reading reflected slower growth in the manufacturing sector as well as a sharp drop in the construction sector.

A month-on-month comparison corroborates the deterioration suggested by the annual figures, as industrial production contracted 0.63% over the previous month in seasonally adjusted terms, which contrasted the 0.62% rise recorded in November.

In the full year 2012, industrial production fell 0.1% over the same period the previous year, which contrasted the 5.0% expansion tallied in 2011.


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Taiwan Industry December 2012

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


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