Industry in Taiwan
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 |
Taiwan Industry Chart
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.90 | 1.28 % | Dec 14 |
| Exchange Rate | 30.86 | 0.07 % | Dec 14 |
| Stock Market | 9,774 | 0.37 % | Dec 14 |
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