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Taiwan Business Indicators in August 2015

Press Release

National Development Council (NDC)

September 30, 2015

In August 2015, Taiwan Business Indicators indicated that the economy has entered a phase characterized by significant downside risks and fragility. Among the indicators compiled by the National Development Council (NDC), the trend-adjusted leading index decreased by 0.52%, the trend-adjusted coincident index decreased by 0.68% from the previous month, and the overall monitoring indicator flashed the " blue" signal.

  1. The Monitoring Indicators: The total score in August remained at 14, flashing the “blue” signal for the third 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” , while the TIER manufacturing sector composite indicator lost one point to change its individual light form “yellow-blue” to “blue”. The light signal for the rest of seven components remained unchanged.
  2. Leading Indicators: With revised data, the trend-adjusted leading index stood at 97.30, down by 0.52% from July 2015. Among the seven indicators making up the trend-adjusted index, SEMI book-to-bill ratio and building permits had positive cyclical movements from the previous month, while the TIER manufacturing sector composite indicator, TAIEX average closing price, the index of export orders, net accession rate of employees on payrolls of industry and services, and real monetary aggregates M1B had negative cyclical movements.
  3. Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 97.09, down by 0.68% from July 2015. Among the seven indicators making up the trend-adjusted index, real machineries and electrical equipments imports had positive cyclical movement from the previous month, while the industrial production index, the index of producer’s shipment for manufacturing, sales of trade and food services, electric power consumption, real customs-cleared exports, and nonagricultural employment had negative cyclical movements.
  4. Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 103.05, up by 0.53% from July 2015. Among the six indicators making up the trend-adjusted index, the manufacturing unit output labor cost index and the inventories to sales ratio for manufacturing had positive cyclical movements from the previous month, while the unemployment rate (inverted), regular employees on payrolls in industry and services, loans and investments of monetary financial institutions, and the interbank overnight call-loan rate had negative cyclical movement.

 

~~ The next release is scheduled for October 27 2015 ~~


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    1. Taiwan Business Indicators in August 2015
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