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
| 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 | 0.93 | 1.28 % | Oct 22 |
| Exchange Rate | 30.94 | 0.07 % | Oct 22 |
| Stock Market | 9,974 | 0.37 % | Oct 22 |
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Taiwan: Industrial production slows markedly in August
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.
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