Taiwan Industry May 2016

Taiwan

Taiwan: Industrial production returns to form in May

June 23, 2016

In May, industrial production rose a working-day adjusted 1.9% over the same month last year. The result contrasted the 3.6% contraction tallied in April (previously reported: +4.1% year-on-year). May’s reading came on the back of an expansion in three of the five components of the index, while construction tallied the steepest decline.

A month-on-month comparison showed that industrial output increased a seasonally-adjusted 2.5% in May, which contrasted the 0.4% decrease tallied in April. Annual average variation in industrial production came in at minus 3.9% (April: -4.4%).

FocusEconomics Consensus Forecast panelists expect growth in industrial production to be flat in 2016, which is unchanged from last month’s forecast. For 2017, participants expect growth in industrial output to reach 3.0%.


Author:, Economist

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Taiwan Industry May 2016 1

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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