FX.co ★ Taiwan Industrial Output Holds Near 5-Year High

In May 2025, Taiwan's industrial production saw a year-over-year increase of 22.60%, marking a slight slowdown from the revised 23.71% rise observed in April of the same year. Despite the moderation, this figure remains close to the peak levels experienced since February 2020. The growth was primarily driven by the manufacturing sector, which registered a rise of 24.00%, a slight decrease from April's 25.18%. Additionally, the water supply sector witnessed a modest increase of 1.51%, down from 1.56% in April. Conversely, the mining and quarrying sector experienced a downturn, seeing a decline of 2.36% compared to a 4.71% rise previously. The electricity and gas supply sector also saw a less severe contraction, improving from a negative 2.73% to negative 2.32%. After adjusting for seasonal variations, industrial output on a monthly basis grew by 3.42% in May, following a significantly revised gain of 9.94% in April.