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Taiwan MOEA: IPI Growth Margin Reduced Due to High Base Period
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2021-09-30
According to Taiwan MOEA’s statistics, domestic manufacturing continued to show a vibrant development in Sep. and saw an year-on-year IPI increase of 7.9%-12.3%. It is forecast that in Q3 this year the year-on-year IPI increase will be 12.6%-14.1%. To analyze the month-on-month fluctuations, it reveals that the IPI of machinery and auto parts industries were both on a decline (machinery was down 0.21% and auto parts was down 12%, mainly due to seasonal reasons such as annual renovation of material suppliers). However, both the macro month-on-month ratio and global economic activities did not appear a significant decline, and the shrinking increase margin was mainly due to the high base period last year.
In terms of traditional industries, they were benefited by the global economic recovery and continuously growing demand from end-users, and the basic metal industry saw an YoY IPI increase of 18.14%; the machinery industry saw an YoY ratio of 31.61% due to company owners’ growing interest in investing; The automotive and auto parts industry saw an YoY IPI increase of 29.86%, due to the fact that Taiwan’s phase-6 emission standards for heavy-duty diesel cars has been carried out this Sep., facilitating car retailers’ sales promotion activities and car manufacturers’ production to meet increasing market demands.
台灣經濟部
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2021-10-07
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