Taiwan: Industrial production rises less than expected in September
October 23, 2012
In September, industrial production expanded 3.0 over the same month last year, which was up from the revised 1.4% expansion seen in August (previously reported: 1.9% year-on-year). The figure, however, undershot market expectations, which had anticipated industrial production would expand 6.5%. The monthly figure mainly reflected an expansion in the manufacturing sector. A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial production added 2.95% over the previous month in seasonally adjusted terms, which contrasted the 0.17% decline recorded in August. As a result of the stronger expansion in September, the declining trend started two years ago has ended, with annual average variation in industrial production rising from minus 2.0% in August to minus 1.9%.