Taiwan: Industrial production rises in September
October 23, 2013
In September, industrial production rose a working-day adjusted 1.1% over the same month last year. The figure contrasts the 0.6% contraction recorded in August and came in well above market expectations of a 0.1% increase. Increases in electricity and gas supply as well as in manufacturing were the most important drivers behind the monthly rise.
Compared to August, industrial output increased 0.5% in seasonally-adjusted terms, which contrasts the 0.2% drop seen in August. In spite of the higher figure, annual average growth in industrial output inched down from 1.6% in August to 1.5% in September.
FocusEconomics Consensus Forecast panellists expect industrial production to rise 2.1% this year, which is down 0.1 percentage points from last month's forecast. For 2014, participants expect industrial output to pick up to 3.6%, which is down 0.4 percentage points from last month's estimate.