Taiwan Industry June 2015

Taiwan

Taiwan: Industrial production posts growth for the second consecutive month in June

July 22, 2016

In June, industrial production rose a working-day adjusted 0.9% over the same month last year. The result followed the 1.9% expansion tallied in May and marks the second consecutive expansion after a sequence of contractions. The reading came on the back of an expansion in mining and quarrying which more than offset a contraction in the water supply, electricity and gas supply component.s

A month-on-month comparison showed that industrial output dropped a seasonally-adjusted 0.3% in June, which contrasted the 2.5% expansion observed in May. Meanwhile, the annual average variation in industrial production inched up from minus 3.9% to minus 3.8% in June.

FocusEconomics Consensus Forecast panelists expect growth in industrial production growth to be flat in 2016, which is unchanged from last month’s forecast. For 2017, participants expect growth in industrial output to reach 1.7%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry June 2016 0

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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