Taiwan: Industrial production speeds up in March
Latest reading: Industrial production increased 28.7% on a year-on-year basis in March, following 16.6% growth in the prior month. March’s reading was the strongest since May 2010. As in past months, production was driven chiefly by booming manufacturing output as rising global AI demand boosted IT and electronics sales.
Relative to the prior month’s data, readings in March improved for manufacturing (+30.7% on a year-on-year basis vs +18.3% in February), electricity and gas supply (-1.8% vs -10.2% in February), water supply (-0.1% vs -0.5% in February) and mining and quarrying (-10.6% vs -14.3% in February).
In seasonally adjusted month-on-month terms, industrial production rose 1.6% in March, following a 4.6% increase in the prior month.