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%).
Author: Christopher Mc Innes, Economist