Industrial production in Taiwan rose 3.03 percent year-on-year in July of 2019, up from an upwardly revised 0.49 percent fall in the previous month. It was the first gain in industrial activity since April, as manufacturing output rebounded (3.07 percent from -0.75 percent in June). Also, production continued to advance for electricity and gas supply (3.3 percent, the same as in June) and water supply (0.27 percent from 0.85 percent) while mining & quarrying production fell at a softer pace (-7.13 percent from -792 percent). On a monthly basis, industrial output jumped 1.92 percent, following a downwardly revised 0.67 percent in June. Industrial Production in Taiwan averaged 4.84 percent from 1997 until 2019, 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 -2.00 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 3.20 in 12 months time. In the long-term, the Taiwan Industrial Production is projected to trend around 1.40 percent in 2020, according to our econometric models.