Press Release
National Development Council (NDC)
July 27, 2015
In June 2015, Taiwan Business Indicators indicated that the economy has been on the downturn. Among the indicators compiled by the National Development Council (NDC), the trend-adjusted leading index decreased by 0.31%, the trend-adjusted coincident index decreased by 0.99% from the previous month, and the overall monitoring indicator flashed the " blue" signal.
- The Monitoring Indicators: The total score in June decreased by two points to 16, flashing the “blue” signal for the first month. Among the nine components, the imports of machineries and electrical equipments and the TIER manufacturing sector composite indicator each lost one point to change its individual light form “green” to “yellow-blue”. The light signal for the rest of seven components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 98.13, down by 0.31% from May 2015. Among the seven indicators making up the trend-adjusted index, building permits, and real monetary aggregates M1B had positive cyclical movements from the previous month, while the index of export orders, the TIER manufacturing sector composite indicator, SEMI book-to-bill ratio, TAIEX average closing price, 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 97.22, down by 0.99% from May 2015. All seven indicators making up the trend-adjusted index had negative cyclical movements from previous month, which were the industrial production index, real customs-cleared exports, sales of trade and food services, the index of producer’s shipment for manufacturing, electric power consumption, real machineries electrical equipments imports, and nonagricultural employment.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 101.65, up by 0.24% from May 2015. Among the six indicators making up the trend-adjusted index, the inventories to sales ratio for manufacturing and the manufacturing unit output labor cost index had positive cyclical movements from the previous month, while loans and investments of monetary financial institutions, the unemployment rate (inverted), regular employees on payrolls in industry and services, and the interbank overnight call-loan rate had negative cyclical movement.
~~ The next release is scheduled for August 27 2015 ~~