Taiwan’s industrial output growth likely to have eased slightly in June

Industrial output growth in Taiwan is likely to have eased slightly in June. In the previous month, the country’s industrial production had grown robustly by 2.5 percent on a seasonally adjusted basis month-on-month. This was the strongest pace recorded in over four years. The Nikkei PMI report has indicated that orders and production has rebounded, while top manufacturers recorded stronger sales growth last month.

Thus the industrial production output is expected to decline slightly after the strong rise in May. Taiwan’s industrial output growth is expected to have eased to 1 percent year-on-year in June from May’s 1.9 percent, noted Societe Generale in a research report.