Taiwan Industry July 2019

Taiwan

Taiwan: Industrial production rebounds in July

August 23, 2019

Industrial output increased 3.0% in July from the same month last year, contrasting the revised 0.5% decrease in June (previously reported: -0.4% year-on-year).

Output in the manufacturing sector—which represents more than 90% of total industrial production—rose 3.1% in July, contrasting the 0.8% dip in June. In addition, the electricity and gas supply sector saw output rise at an unchanged pace in July, while the water supply sector saw output rise at a slower pace in July than in June.

On a seasonally-adjusted month-on-month basis, industrial output rose 1.9% in July, up from 0.7% in June. Annual average growth in industrial production slowed to 0.2% in July from 0.3% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 0.4% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, participants expect industrial output to grow 2.7%.


Author:, Economist

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Taiwan Industry July 2019

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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