Industrial production in Taiwan dropped 1.22 percent year-on-year in December of 2018, following an upwardly revised 2.36 percent rise in November. It is the first annual decline in industrial output in ten months, due to a fall in manufacturing (-1.45 percent vs 2.49 percent in November). On the other hand, production rose faster for mining and quarrying (5.24 percent vs 1.39 percent) and electricity and gas supply (1.05 percent vs 0.37 percent) and rebounded for water supply (1.98 percent vs -3.22 percent). On a seasonally adjusted monthly basis, industrial activity edged down 0.4 percent. Considering full 2018, industrial production rose 3.65 percent, below a 5 percent jump in 2017. Industrial Production in Taiwan averaged 5.01 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 8.60 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 3.50 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.