Taiwanese industrial production likely to have dropped in March, to return to growth territory from Q2 2019
Taiwanese industrial production data is set to release tomorrow. According to a DBS Bank research report, industrial production is likely to have dropped 1.3 percent year-on-year, as compared with the fall of 1.4 percent…
Taiwanese industrial production data is set to release tomorrow. According to a DBS Bank research report, industrial production is likely to have dropped 1.3 percent year-on-year, as compared with the fall of 1.4 percent seen in January-February.
The rise in March PMI implies that manufacturing activities might have bottomed out after the Chinese New Year. The upside surprise from China’s March economic data further underpins the case of a cyclical rebound in Taiwan’s external trade/manufacturing outlook.
“We expect exports and industrial output to return to the growth territory from 2Q onwards”, added DBS Bank.
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