Industrial production in Taiwan shrank 22.86% year-on-year in April 2023, slipping further from a downwardly revised 16.03% slump in the previous month. It was the eight consecutive month of decline in industrial activity, due to large decreases in manufacturing (-23.52% vs -16.89% in March) and electricity & gas supply (-12.02% vs 0.10%). At the same time, mining & quarrying production slowed sharply (0.66% vs 7.76%). Meanwhile, output accelerated for water supply (4.02% vs 0.53%). On a seasonally adjusted monthly basis, industrial output dropped 5.09%, following a revised 1.16% fall in March. source: Ministry of Economic Affairs (MOEA), Taiwan

Industrial Production in Taiwan averaged 4.68 percent from 1997 until 2023, 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 June of 2023.

Industrial Production in Taiwan is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Industrial Production is projected to trend around 4.90 percent in 2024 and 3.80 percent in 2025, according to our econometric models.

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Taiwan Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-24 08:00 AM Mar -14.52% -7.66% -3.0%
2023-05-23 08:00 AM Apr -22.86% -16.03% -10%
2023-06-26 08:00 AM May -22.86%


Related Last Previous Unit Reference
Industrial Production Mom -5.09 -1.16 percent Apr 2023
Industrial Production -22.86 -16.03 percent Apr 2023
Manufacturing Production -23.52 -16.89 percent Apr 2023
Mining Production 0.66 7.76 percent Apr 2023

Taiwan Industrial Production
In Taiwan, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 92.7 percent of total production. The biggest segments within manufacturing are: electronic parts and components (29.4 percent); chemical materials (10.8 percent); basic metals (9 percent); computers, electronic and optical products (8.8 percent) and machinery and equipment (5.1 percent). Electricity and gas supply accounts for 4.6 percent of total output, water supply for 0.5 percent, construction for 1.5 percent and mining and quarrying for 0.6 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-22.86 -16.03 75.71 -43.30 1997 - 2023 percent Monthly
NSA, 2016=100

News Stream
Taiwan Industrial Output Plunges 22.86% YoY in April
Industrial production in Taiwan shrank 22.86% year-on-year in April 2023, slipping further from a downwardly revised 16.03% slump in the previous month. It was the eight consecutive month of decline in industrial activity, due to large decreases in manufacturing (-23.52% vs -16.89% in March) and electricity & gas supply (-12.02% vs 0.10%). At the same time, mining & quarrying production slowed sharply (0.66% vs 7.76%). Meanwhile, output accelerated for water supply (4.02% vs 0.53%). On a seasonally adjusted monthly basis, industrial output dropped 5.09%, following a revised 1.16% fall in March.
2023-05-23
Taiwan Industrial Output Drops 14.5% YoY in March
Industrial production in Taiwan dropped 14.52% year-on-year in March 2023 from a downwardly revised 7.66% fall in the previous month. It was the seventh consecutive period of decline, as output decreased further for manufacturing (-15.21% vs -8.01% in February) and electricity & gas supply (-4.52% vs -3.88%). In addition, production slowed sharply for mining & quarrying (4.65% vs 25.99%) and water supply (0.49% vs 1.63%). On a seasonally adjusted monthly basis, industrial activity went down 1.61%, easing from a downwardly revised 3.74% plunge in February.
2023-04-24
Taiwan Industrial Output Drops for 6th Consecutive Month
Industrial output in Taiwan fell by 8.68% year-on-year in February 2023, the sixth straight month of fall, although easing sharply from near 14–year high and upwardly revised 20.95% drop in the previous month, as output fell softer for both manufacturing (-9.15% vs -21.82% in January) and electricity & gas supply (-2.7 vs -7.09%). Additionally, output rebounded for mining & quarrying (24.46% vs 15.8%) and water supply (1.62% vs -0.64%). On a seasonally adjusted monthly basis, industrial activity fell further at 4.53% in February, following a 3.84% drop in the previous month.
2023-03-23