Taiwan Business Indicators in December 2018
Press Release
National Development Council (NDC)
January 28, 2019
In December 2018, the overall monitoring indicator flashed the “blue” signal. The total score decreased to 16. The trend-adjusted leading index and the coincident index decreased from the previous month. The government will be closely monitoring the economic situation.
- The Monitoring Indicators: The total score in December 2018 was 16, flashing the “blue” signal. Among the nine components, the import of machineries and electrical equipments flashed “green” signal. The monetary aggregates M1B, TAIEX average closing price, industrial production index, nonagricultural employments, and customs-cleared exports flashed “yellow-blue” signals. Index of producer’s shipment for manufacturing, sales of trade and food services, and the TIER manufacturing sector composite indicator flashed “blue” signals.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 98.49, down by 0.90% from last month. Among the seven indicators making up the trend-adjusted index, real monetary aggregates M1B had positive cyclical movement from the previous month, while the TIER manufacturing sector composite indicator, diffusion index of export orders, new housing construction started, TAIEX average closing price, real imports of semiconductor equipment, and net accession rate of employees on payrolls of industry and services had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 98.45, down by 0.62% from last month. Among the seven indicators making up the trend-adjusted index, real customs-cleared exports had positive cyclical movement, while sales of trade and food services, the index of producer’s shipment for manufacturing, real machineries and electrical equipments imports, the industrial production index, electric power consumption, and nonagricultural employments had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 99.51, down by 0.52% from last month. Among five indicators making up the trend-adjusted index, inventory value for manufacturing and the interbank overnight call-loan rate had positive cyclical movements, while the manufacturing unit output labor cost index, loans and investments of financial institutions, and the unemployment rate (inverted) had negative cyclical movements.
~~ Next publication date: March 4 2019 ~~