Taiwan's industrial production jumped 2.1% in July

All thanks to stronger manufacturing output.

According to BBVA Research, Taiwan industrial output rose in July, for the first time in six months, by 2.1% y/y (consensus: -0.5% y/y) compared to -0.4% y/y in June.

Here's more:

The growth was led by improved manufacturing output. Together with positive export orders, the IP outturn suggests that growth momentum may continue to improve after a better-than-expected Q2 GDP outturn of 2.5%. Our full-year GDP projection stands at 2.7%.

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