Industrial production in Taiwan fell 9.88 percent year-on-year in March 2019, following an upwardly revise 1.96 percent decline in the previous month. It was the largest fall in industrial output since January 2012, as production dropped for for mining & quarrying (-1.55 percent compared to 2.94 percent in February). Also, output decreased further for manufacturing (-10.52 percent compared to -1.86 percent); and water supply (-2.6 percent compared to -1.28 percent). Meanwhile, production of electricity and gas supply went down less (-0.46 percent compared to -3.3 percent). On a seasonally adjusted monthly basis, industrial output declined 4.87 percent, after an upwardly revised 0.37 percent decrease in the prior month. Considering the first quarter of the year, industrial output fell 4.58 percent over a year earlier. Industrial Production in Taiwan averaged 4.90 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 5.80 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 3.50 in 12 months time. In the long-term, the Taiwan Industrial Production is projected to trend around -1.10 percent in 2020, according to our econometric models.