Industry in Taiwan
Taiwan - Industry
Industrial production marches on in March
Industrial output increased 10.4% in March compared to the same month a year earlier, slowing from the stellar 20.7% growth recorded in February. As such, industrial output expanded 9.7% on average across in first three months of the year.
The reading in March reflected a slower expansion in manufacturing sector output—which represents more than 90% of total industrial production—as the pace of growth nearly halved from February’s five-year high. Expansion also slowed in the mining, energy and water supply sectors, although remained robust across all sub-sectors nonetheless.
On a seasonally-adjusted month-on-month basis, industrial output inched up 0.2% higher in March, having fallen 4.9% in February. Meanwhile, annual average growth in industrial production rose 3.2% in March, picking up from the 1.5% increase recorded in the previous month.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.0% in 2020, which is down 0.9 percentage points from last month’s forecast. In 2021, panelists expect industrial output to grow 3.5%.
Taiwan - Industry Data
|Industrial Production (annual variation in %)||-1.3||2.0||5.0||3.6||-0.3|
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||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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