Industrial production in Taiwan increased 10.73 percent year-on-year in September 2020, following a downwardly revised 3.6 percent gain in the previous month. It was the biggest rise in six months, as output went up further for manufacturing (11.32 percent from 4.06 percent in August) and mining & quarrying (21.85 percent from 21.64 percent). Additionally, production of electricity & gas supply rebounded (4.1 percent vs -2.76 percent). Meanwhile, water supply output growth eased (0.95 percent from 1.43 percent). On a seasonally adjusted monthly basis, industrial production advanced 2.18 percent, slowing from a downwardly revised 2.62 percent increase in the prior month.
Industrial Production in Taiwan averaged 4.83 percent from 1997 until 2020, reaching an all time high of 75.71 percent in January of 2010 and a record low of -43.30 percent in January of 2009. This page provides the latest reported value for - Taiwan Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Taiwan is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Taiwan to stand at 3.10 in 12 months time. In the long-term, the Taiwan Industrial Production is projected to trend around 2.00 percent in 2021, according to our econometric models.