Industry in Taiwan

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Taiwan - Industry

Industrial production growth surges in October

Industrial output growth expanded 8.3% year-on-year in October, surging from September’s upwardly revised 1.6% print (previously reported: +1.5% year-on-year).

Although water supply, and electricity and gas production continued to contract in the month, the October reading was buttressed by a sharp acceleration of manufacturing output growth—which represents more than 90% of total industrial production—as well as a recovery in mining and quarrying production. Manufacturing growth reached 9.2% in October, up from 2.0% in September, with the manufacturing production sub-index reaching its highest level since April.

On a seasonally-adjusted month-on-month basis, industrial output growth fell from 2.3% in September to 1.1% in October. Annual average growth in industrial production, on the other hand, rose from 3.6% in September to 4.1% in October.

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  

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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

Bond Yield0.901.28 %Dec 14
Exchange Rate30.860.07 %Dec 14
Stock Market9,7740.37 %Dec 14

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