Taiwan Industry March 2015

Taiwan

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.

FocusEconomics Consensus Forecast panelists expect growth in industrial production to be flat in 2016, which is down 0.4 percentage points from last month’s forecast. For 2017, participants expect growth in industrial output to reach 3.3%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Industry March 2016

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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