Taiwan: Industrial production shows a smaller decline in March
April 22, 2016
In March, industrial production fell a working-day adjusted 3.6% over the same month last year. The result marked a softer contraction than the 4.1% drop tallied in February and was the highest result in eight months. March’s reading came on the back of a contraction in manufacturing output that more than offset expansions in the four remaining components of the index.
A month-on-month comparison showed that industrial output increased a seasonally-adjusted 0.8% in February, which contrasted with the revised 0.1% decline tallied in January (previously reported: +0.3% month-on-month). The annual average growth in industrial production plunged from minus 3.2% in February to minus 4.0% in March, which marked the lowest level since December 2009.