Press Release
National Development Council (NDC)
March 2, 2016
In January 2016, the Taiwan Business Indicators showed the economic recovery to remain on the slower track. Among the indicators compiled by the National Development Council (NDC), the trend-adjusted leading index decreased by 0.22%, the trend-adjusted coincident index decreased by 0.11% from the previous month, and the overall monitoring indicator flashed the " blue" signal.
- The Monitoring Indicators: The total score recorded 14 in January 2016, the same level of previous month, flashing the “blue” signal for the eighth month. The light signal for all the nine components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 98.04, down by 0.22% from December 2015. Among the seven indicators making up the trend-adjusted index, SEMI book-to-bill ratio, building permits, net accession rate of employees on payrolls of industry and services, the TIER manufacturing sector composite indicator, and real monetary aggregates M1B had positive cyclical movements from the previous month, while the index of export orders, and TAIEX average closing price had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 98.31, down by 0.11% from December 2015. Among the seven indicators making up the trend-adjusted index, electric power consumption, and sales of trade and food services had positive cyclical movements from the previous month, while real customs-cleared exports, real machineries and electrical equipments imports, nonagricultural employment, the index of producer’s shipment for manufacturing, and the industrial production index had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 98.37, down by 0.68% from December 2015. Among the six indicators making up the trend-adjusted index, the manufacturing unit output labor cost index, the unemployment rate (inverted), loans and investments of monetary financial institutions, regular employees on payrolls in industry and services, the inventories to sales ratio for manufacturing, and the interbank overnight call-loan rate had negative cyclical movements.
~~ The next release is scheduled for March 28 2016 ~~