Last month, Taiwan’s industrial production grew by 10.29% year-on-year, marking nine months of consecutive gains as local manufacturing recovered from typhoon impacts.
Manufacturing, 95.39% of Taiwan’s industrial production index, rose 10.73%, exceeding forecasts, driven by a 19.07% increase in electronic components due to demand for AI and computing.
Traditional sectors in Taiwan saw mixed results, with base metals and machinery up. Year-to-date, Taiwan’s industrial production is up by 10.64%, and manufacturing by 11.07%.
The Taiwanese Ministry of Economic Affairs anticipates continued growth, projecting manufacturing increases of 11.9% to 16.3% this month, with yearly growth expected between 11.1% and 11.5%.
