Industrial production in Taiwan rose 1.04 percent year-on-year in April of 2019, recovering from a downwardly revised 9.38 percent fall in the previous month, as output rebounded for manufacturing (0.94 percent vs -10.01 percent in March) and electricity & gas supply (2.68 percent vs -0.43 percent). In contrast, mining & quarrying production continued to fall (-1.46 percent vs -1.38 percent). On a seasonally adjusted monthly basis, industrial production increased 5.49 percent, rebounding from a 4.35 percent drop in March. Industrial Production in Taiwan averaged 4.89 percent from 1997 until 2019, 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.
Industrial Production in Taiwan is expected to be -4.60 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 2.90 in 12 months time. In the long-term, the Taiwan Industrial Production is projected to trend around 1.40 percent in 2020, according to our econometric models.