Industry in Taiwan
Taiwan - Industry
Industrial production rebounds in July
Industrial output increased 3.0% in July from the same month last year, contrasting the revised 0.5% decrease in June (previously reported: -0.4% year-on-year).
Output in the manufacturing sector—which represents more than 90% of total industrial production—rose 3.1% in July, contrasting the 0.8% dip in June. In addition, the electricity and gas supply sector saw output rise at an unchanged pace in July, while the water supply sector saw output rise at a slower pace in July than in June.
On a seasonally-adjusted month-on-month basis, industrial output rose 1.9% in July, up from 0.7% in June. Annual average growth in industrial production slowed to 0.2% in July from 0.3% in June.
FocusEconomics Consensus Forecast panelists expect industrial production to contract 0.4% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, participants expect industrial output to grow 2.7%.
Taiwan - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.2 | 6.4 | -1.3 | 2.0 | 5.0 |
Taiwan Industry Chart
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.68 | 1.28 % | Sep 04 |
| Exchange Rate | 31.27 | 0.07 % | Sep 04 |
| Stock Market | 10,657 | 0.37 % | Sep 04 |
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Economic News
Taiwan: Exports rebound in August but lower export orders in July indicate lingering weakness
September 9, 2019
Merchandise exports grew 2.6% in August compared to the same month a year earlier, contrasting the 0.5% fall in July.
Taiwan: Inflation holds steady in August
September 6, 2019
Consumer prices fell 0.02% in August from the previous month, after falling a revised 0.12% in July (previously reported: -0.10% month-on-month).
Taiwan: Manufacturing PMI deteriorates in August
September 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, fell to 47.9 in August from 48.1 in July, and remained below the 50-point threshold that separates contraction from expansion for the eleventh month running. Manufacturers struggled in August as new work orders fell substantially in the month and exports fell at the fastest pace in over four years; on the back of this, output decreased at a quicker clip than in July.
Taiwan: Industrial production rebounds in July
August 23, 2019
Industrial output increased 3.0% in July from the same month last year, contrasting the revised 0.5% decrease in June (previously reported: -0.4% year-on-year). Output in the manufacturing sector—which represents more than 90% of total industrial production—rose 3.1% in July, contrasting the 0.8% dip in June.
Taiwan: Exports drop in July and June export orders indicate lingering weakness
August 7, 2019
Merchandise exports decreased 0.5% in July compared to the same month a year earlier, contrasting the 0.5% increase in June.
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