Taiwan’s annual IP likely at 1% in 2015

Taiwan's industrial production was dropped by 6.2% y/y in October. Consensus expected the industrial output to fall by -5.4%. Analysts believe that the y/y fall is likely to persist in November and December. But a sequential improvement is likely due to higher demand amid the pre-Christmas stocking period.

The authority is expected to revise downward its 2015 full-year forecast to about 1%, from 1.56% currently, foresees Barclays.