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.