Industry in Taiwan
Taiwan - Industry
Industrial production declines in December as external demand falters
Industrial output fell 1.2% year-on-year in December, contrasting the 2.4% growth logged in November. This was furthermore the first time output contracted in over two-and-a-half years, with the exception of February 2018’s negative print, which was caused entirely by calendar effects due to seasonal holidays.
Output in the manufacturing sector—which represents more than 90% of total industrial production—fell 1.5% in December, down from the 2.5% growth registered in November. On the positive side, output growth in electricity and gas supply as well as mining and quarrying accelerated, while water supply rebounded from November’s contraction.
On a seasonally-adjusted month-on-month basis, industrial output contracted 0.4% in December, following November’s sharper 2.1% decline. Annual average growth in industrial production meanwhile tumbled from 4.1% in November to 3.7% for the full year 2018.
Analysts participating in the FocusEconomics Consensus Forecast expect industrial production to expand 3.0% in 2019, which is unchanged 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 | 0.83 | 1.28 % | Feb 20 |
| Exchange Rate | 30.80 | 0.07 % | Feb 20 |
| Stock Market | 10,272 | 0.37 % | Feb 20 |
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Industrial output fell 1.2% year-on-year in December, contrasting the 2.4% growth logged in November.
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