Taiwan’s industrial output likely to have recovered marginally in July

Industrial production in Taiwan is expected to have recovered slightly in July. Industrial output growth had slowed a bit in June by 0.3 percent month-on-month seasonally adjusted in June, following a strong growth recorded in May of 2.5 percent month-on-month seasonally adjusted.

May’s sequential print was the strongest in over four years. Additional sequential correction is quite possible, said Societe Generale in a research note. But the decline is likely to be quite small given the rebounding export orders.

For the non-seasonally-adjusted data, industrial output is likely to have grown modestly in month-on-month terms. On a year-on-year basis, the industrial production output is expected to have bolstered to 1.3 percent in July, as compared with 0.9 percent in June, added Societe Generale.