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.
Author: Edward Gardner, Economist