FX.co ★ Taiwan's Industrial Production Soars by 15.98% in January 2024

Taiwan's industrial production experienced a significant surge in January 2024, with a remarkable increase of 15.98% compared to the same month a year ago. This marks a stark contrast to the previous month when the indicator recorded a decline of -3.99% in December 2023. The latest data, updated on 29 February 2024, indicates a promising trend in the country's industrial sector.

The year-over-year comparison showcases the resilience and growth of Taiwan's industrial production, highlighting the positive trajectory of its economy. The robust performance in January signifies a substantial recovery and expansion in the industrial output of the country. With this notable upturn, Taiwan's industrial sector is poised for continued growth and development in the months to come.