Industrial production in Taiwan rose 11.78% year-on-year in May 2026, easing from an upwardly revised 14.94% growth in the previous month and marking the slowest expansion since January 2025. Manufacturing output growth moderated to 12.68% from 16.01% in April, particularly in pulp, paper and paper products (0.87% vs 4.73%), computers, electronic and optical products (36.62% vs 83.65%), and machinery and equipment (10.68% vs 16.33%). Meanwhile, output in electricity and gas supply declined further (-1.29% vs -1.08%), while the contraction in mining and quarrying eased slightly (-7.61% vs -8.71%). In contrast, water supply output accelerated, rising 3.54% compared with a 2.73% gain in the previous month. On a seasonally adjusted monthly basis, industrial production advanced 1.55% in May, following an upwardly revised 0.93% increase in April, marking the strongest growth since February.