Industry in Taiwan

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Taiwan - Industry

Industrial production soars in December

Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November.

The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure. This came despite a slowdown in water supply and a contraction in mining and quarrying activities.

On a seasonally-adjusted month-on-month basis, industrial output rose 1.4% in December, having boosted up 2.4% in November. Meanwhile, annual average growth in industrial production came in at minus 0.3% in December, improving from the 0.9% decrease recorded in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.5% in 2020, which is down 0.8 percentage points from last month’s forecast. In 2021, panelists expect industrial output to grow 3.2%.

Taiwan - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)6.4  -1.3  2.0  5.0  3.6  

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Taiwan Industry Chart


Taiwan Industry
Note: Annual variation of industrial production in %.
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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