Industrial production in Taiwan fell 0.39 percent year-on-year in June of 2019, following a downwardly revised 2.58 percent drop in the previous month. It was the second consecutive contraction in industrial activity, as manufacturing output continued to fall (-0.61 percent vs -2.48 percent in May). Meantime, production rebounded for mining & quarrying (3.05 vs -9.84 percent); electricity & gas supply (2.12 percent vs -3.44 percent) and water supply (0.83 percent vs -2.30 percent). On a monthly basis, industrial output increased 0.76 percent, rebounding from a 0.25 percent drop in May. Industrial Production in Taiwan averaged 4.84 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 -2.00 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 3.20 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.