Press Release
National Development Council (NDC)
November 27, 2015
In October 2015, Taiwan Business Indicators indicated that Taiwan economy has the marginal improvement. Among the indicators compiled by the National Development Council (NDC), the trend-adjusted leading index decreased by 0.09%, the trend-adjusted coincident index decreased by 0.07% from the previous month, and the overall monitoring indicator flashed the " blue" signal.
- The Monitoring Indicators: The total score in October increased by one point to 15, flashing the “blue” signal for the fifth month. Among the nine components, the imports of machineries and electrical equipments gained one point to change its individual light form “yellow-blue” to “green”. The light signal for the rest of eight components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 97.58, down by 0.09% from September 2015. Among the seven indicators making up the trend-adjusted index, the index of export orders and real monetary aggregates M1B had positive cyclical movements from the previous month, while building permits, TAIEX average closing price, the TIER manufacturing sector composite indicator, SEMI book-to-bill ratio, 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 97.90, down by 0.07% from September 2015. Among the seven indicators making up the trend-adjusted index, real machineries and electrical equipments imports, real customs-cleared exports, electric power consumption, and the index of producer’s shipment for manufacturing had positive cyclical movements from the previous month, while the industrial production index, nonagricultural employment, and sales of trade and food services had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 100.37, down by 0.30% from September 2015. Among the six indicators making up the trend-adjusted index, loans and investments of monetary financial institutions had positive cyclical movements from the previous month, while the unemployment rate (inverted), the inventories to sales ratio for manufacturing, regular employees on payrolls in industry and services, the manufacturing unit output labor cost index, and the interbank overnight call-loan rate had negative cyclical movement.
~~ The next release is scheduled for December 28 2015 ~~