Taiwan: Industrial output records lowest growth since March 2024 in January
Latest reading: Industrial output rose 5.1% year on year in January (December: +19.8% yoy). January’s outturn marked the worst reading since March 2024, but was largely due to less working days as a result of the early Lunar New Year festival. January saw weaker readings in manufacturing, mining and water supply production.
On a seasonally adjusted monthly basis, industrial production fell 3.7% in January (December: +3.7% mom), the worst result since April 2023. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 10.7% in January, down from December’s 11.6% reading.