Taiwan's industrial production dropped 3.3%

External demand outlook disappointed investors.

According to DBS, following the unexpected drop in March export orders, industrial production for March (released yesterday) also fell -3.3% YoY (-2.6% MoM sa), deteriorating from +3.7% YoY in the first two months of this year.

Here's more:

The average growth of industrial production in 1Q13 posted 0.8% YoY, a significant slowdown compared to 4.2% in 4Q12. This implies a high chance that the preliminary estimate of 1Q GDP (due next week) will show a notable drop to the mid-2% level, down from 3.7% in the preceding quarter.

The external demand outlook is not as strong as many investors had anticipated at the beginning of the year. The G2 economy still faces fundamental problems of public sector deleveraging.

The cyclical recovery in China also remains slow and tepid. The main driver to Taiwan’s 1Q growth should come from domestic investment.

This was aided by the recovery in capacity utilization amongst manufacturers, the property market upturn thatspurred construction investment, and the government’s policy incentives that boosted investment flowsfrom offshore Taiwanese firms.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia