Taiwan: Industrial output growth gains steam in November
Latest reading: Industrial output expanded 10.3% in year-on-year terms in November, which was above October’s 8.8% increase. The upturn largely reflected faster manufacturing growth.
On a monthly basis, industrial output grew 2.9% in seasonally adjusted terms in November, rebounding notably from October’s 1.3% fall. Meanwhile, the trend improved significantly, with the annual average growth of industrial production coming in at an over two-year high of 9.3%, up from October’s 8.2%.
Outlook: While industrial output growth will slow in 2025 on a higher base of comparison, industry will remain a key economic driver, as rising global use of AI and cloud applications spurs demand for Taiwanese electronics.