Indicators
Taiwan Industrial Output Falls Most Since 2019 as Demand Wanes
- Inflation, rising rates weigh on demand from overseas clients
- Semiconductor output remains rare bright spot, rising 13.3%
This article is for subscribers only.
Taiwan’s industrial production contracted at the fastest rate in almost four years in November as slumping global demand continued to hurt the economy.
Industrial production fell 4.9% last month compared to a year ago, according to a statement from Taiwan’s Ministry of Economic Affairs on Friday, the biggest drop since March 2019. Economists had forecast a fall of 5.3%.