Taiwan Business Indicators in July 2018
Press Release
National Development Council (NDC)
August 27, 2018
In July 2018, the overall monitoring indicator flashed the “green” signal. The total score was 27. The trend-adjusted leading index increased 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 July 2018 was 27, flashing the “green” signal. Among the nine components, the import of machineries and electrical equipments and the TIER manufacturing sector composite indicator flashed “yellow-red” signals. the industrial production index, the index of producer’s shipment for manufacturing, the sales of trade and food services, TAIEX average closing price, and customs-cleared exports flashed “green” signals. The monetary aggregates M1B and the nonagricultural employments flashed “yellow-blue” signals.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 101.84, up by 0.13% from last month. Among the seven indicators making up the trend-adjusted index, new housing construction started, the TIER manufacturing sector composite indicator, real monetary aggregates M1B, and net accession rate of employees on payrolls of industry and services had positive cyclical movements from the previous month, while real imports of semiconductor equipment, TAIEX average closing price, and the index of export orders had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 99.65, down by 0.47% from last month. Among the seven indicators making up the trend-adjusted index, sales of trade and food services had positive cyclical movement, while electric power consumption, real customs-cleared exports, the industrial production index, real machineries and electrical equipments imports, the index of producer’s shipment for manufacturing, and nonagricultural employments had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 102.15, up by 0.35% from last month. Among five indicators making up the trend-adjusted index, inventory value for manufacturing, loans and investments of financial institutions, the manufacturing unit output labor cost index, and the interbank overnight call-loan rate had positive cyclical movements, while the unemployment rate (inverted) had negative cyclical movement.
~~ Next publication date: September 27 2018 ~~