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
|Industrial Production (annual variation in %)||3.2||6.4||-1.3||2.0||5.0|
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||0.83||1.28 %||Feb 20|
|Exchange Rate||30.80||0.07 %||Feb 20|
|Stock Market||10,272||0.37 %||Feb 20|
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February 15, 2019
Merchandise exports fell 0.3% in annual terms in January, improving over December’s 3.0% year-on-year contraction and overshooting analysts’ estimates of a 2.9% fall.
February 12, 2019
Consumer prices fell 0.09% in January from the previous month, which was less severe than the 0.50% decline registered in December.
February 1, 2019
Operating conditions in the Taiwanese manufacturing sector continued to deteriorate in January, confirming that the economy likely remained on a weak footing at the start of the year after losing momentum in Q4.
January 31, 2019
A preliminary estimate shows that economic growth continued to slow in the fourth quarter, as the trade sector remained on a feeble footing while domestic demand weakened somewhat.
January 23, 2019
Industrial output fell 1.2% year-on-year in December, contrasting the 2.4% growth logged in November.