Industry in Taiwan
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
|Industrial Production (annual variation in %)||6.4||-1.3||2.0||5.0||3.6|
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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February 12, 2020
The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.
February 7, 2020
Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.
February 3, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.
January 22, 2020
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.
January 21, 2020
The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.