Industrial production in Taiwan grew 2.09 percent year-on-year in November 2018, following an upwardly revised 8.32 percent jump in the previous month. Output rose at a slower pace for manufacturing (2.23 percent vs 9.31 percent in October) and fell for mining & quarrying (-1.24 percent vs 13.64 percent) and water supply (-3.22 percent vs 3.70 percent). In contrast, production rebounded for electricity & gas supply (0.37 percent vs -3.53 percent). Year-to-date, industrial production grew 4.10 percent compared to the sae period of 2017. On a seasonally adjusted monthly basis, industrial activity declined 2.33 percent, after an upwardly revised 1.09 percent gain in October. Industrial Production in Taiwan averaged 5.03 percent from 1997 until 2018, 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 2.70 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 4.90 in 12 months time. In the long-term, the Taiwan Industrial Production is projected to trend around -1.10 percent in 2020, according to our econometric models.