Industrial production in Taiwan dropped 3.05 percent year-on-year in May of 2019, following an upwardly revised 1.41 percent rise in the previous month. Output fell for manufacturing (-3.01 percent vs 1.32 percent in April); mining & quarrying (-3.83 percent vs -0.45 percent); electricity & gas supply (-3.79 percent vs 3.0 percent) and water supply (-2.29 percent vs -0.17 percent). On a seasonally adjusted monthly basis, industrial activity went down 0.65 percent, after a 5.78 percent gain in April. Industrial Production in Taiwan averaged 4.86 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.