Taiwan: Industrial production rebounds in November
Industrial output increased 2.1% in November compared to the same month a year earlier, rebounding from the 2.6% decrease recorded in October (previously reported: -2.9% year-on-year).
The upturn in November was chiefly driven by a strong return to output growth in the manufacturing sector, which represents more than 90% of total industrial production. Furthermore, a return to expansion in mining and quarrying output and an acceleration in the water supply activities supported the overall figure.
On a seasonally-adjusted month-on-month basis, industrial output boosted 2.7% higher in November, having inched up from 0.2% in October. Meanwhile, annual average growth in industrial production came in at minus 0.9% in November, accelerating marginally from the 0.8% decrease recorded last month.