Taiwan: Industrial output rebounds in February
March 23, 2012
In February, industrial production grew 8.4% over the same month last year, which contrasted the 16.8% drop seen in January, when industrial output had been highly affected by the Lunar New Year holiday. That said, the figure fell short of market expectations, which had anticipated industrial production increasing 8.9%. The monthly rise was broad-based, with all categories recording gains over the same month last year. A month-on-month comparison, however, does not corroborate the improvement suggested by the annual figures, as industrial production fell 5.99% over the previous month in seasonally adjusted terms, which contrasted the 3.96% rise recorded in January. Moreover, the trend continues to point down, with annual average variation in industrial production falling from 2.1% in January to 1.9%.