Taiwan: Industrial production speeds up in November
Latest reading: Industrial production was up 16.4% in annual terms in November, following 14.1% growth in the previous month. 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 previous month’s figures, readings in November improved for manufacturing (+17.4% on a year-on-year basis vs +15.0% in October), electricity and gas supply (+2.4% vs -1.4% in October) and water supply (+0.7% vs -2.7% in October). In contrast, the reading for mining and quarrying softened in November (-8.9% vs +0.2% in October).
In seasonally adjusted month-on-month terms, industrial production increased 4.8% in November, following a 1.1% fall in the prior month.