Taiwan Industry May 2018

Taiwan

Taiwan: Industrial production records solid growth in May

June 25, 2018

Industrial output expanded 7.1% over the previous year in May, easing from April’s upwardly revised 8.8% increase (previously reported: +8.5% year-on-year).

Manufacturing output—which represents more than 90% of total industrial production—drove the reading in May, expanding 7.2% in annual terms (April: +9.4% year-on-year, previously reported: +9.1% yoy). The print was largely driven by solid growth in the production of electronic parts and components. Meanwhile, activity in the mining and quarrying industry contracted for the fourth consecutive month, while water supply activity moderated. Electricity and gas supply growth accelerated in the month.

On a seasonally-adjusted basis, industrial output expanded 1.3% month-on-month in May, contrasting April’s revised 2.7% decline (previously reported: -3.0% month-on-month). Annual average growth in industrial production increased to 4.4% in May from 4.1% in April.

Taiwan Industrial Production Forecast


Analysts participating in the FocusEconomics Consensus Forecast expect industrial production to expand 3.6% in 2018, which is unchanged from last month’s forecast. For 2019, participants expect industrial output to grow 3.0%.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Taiwan? Download a sample report now.

Download

Taiwan Industry Chart


Taiwan Industry May 2018

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


Taiwan Economic News

  • Taiwan: Growth accelerates in Q4 2019

    February 12, 2020

    The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.

    Read more

  • Taiwan: Exports and imports slump in January, trade surplus widens

    February 7, 2020

    Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.

    Read more

  • Taiwan: Manufacturing PMI rises to 17-month high in January

    February 3, 2020

    The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.

    Read more

  • Taiwan: Industrial production soars in December

    January 22, 2020

    Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.

    Read more

  • Taiwan: Economic activity accelerates in Q4

    January 21, 2020

    The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.

    Read more

More news

Search form