Industry in Taiwan
Taiwan - Industry
Industrial production slows markedly in August
Industrial output growth expanded 1.3% year-on-year in August, slowing significantly from July’s upwardly revised 4.7% print (previously reported: +4.4% year-on-year).
The weak August print came on the back of slowing manufacturing output—which represents more than 90% of total industrial production—as well as a steeper contraction in electricity and gas supply, mining, and water production. The manufacturing sector grew 1.8% over the same month of the previous year in August, down from the revised 5.3% expansion registered in July (previously reported: +5.0% yoy).
However, on a seasonally-adjusted month-on-month basis, industrial output growth was stable at 0.8% in August, matching July’s revised print (previously reported: +0.6% month-on-month). Annual average growth in industrial production fell markedly from 4.3% in July to 3.9% in August.
Analysts participating in the FocusEconomics Consensus Forecast expect industrial production to expand 3.5% in 2018. For 2019, participants expect industrial output to grow 2.8%, which is down 0.1 percentage points from last month’s forecast.
Taiwan - Industry Data
|Industrial Production (annual variation in %)||3.2||6.4||-1.3||2.0||5.0|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Industry Chart
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.
|Bond Yield||0.93||1.28 %||Oct 22|
|Exchange Rate||30.94||0.07 %||Oct 22|
|Stock Market||9,974||0.37 %||Oct 22|
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October 8, 2018
Merchandise exports grew 2.6% in annual terms in September, accelerating from the 1.9% expansion registered in August and significantly exceeding the predictions of analysts who had expected exports to contract 1.3%.
October 5, 2018
Consumer prices increased 0.17% in September from the previous month, contrasting the 0.07% fall recorded in August.
October 1, 2018
The Taiwanese manufacturing sector slowed to a near standstill in September, continuing the downward trend observed since the beginning of the year.
September 27, 2018
Taiwan’s Central Bank of the Republic of China (CBRC) maintained course for the ninth consecutive quarter at its 27 September monetary policy meeting.
September 25, 2018
Industrial output growth expanded 1.3% year-on-year in August, slowing significantly from July’s upwardly revised 4.7% print (previously reported: +4.4% year-on-year). The weak August print came on the back of slowing manufacturing output—which represents more than 90% of total industrial production—as well as a steeper contraction in electricity and gas supply, mining, and water production.