Press Release
National Development Council (NDC)
July 27, 2016
In June 2016, the Taiwan Business Indicators showed some scattered signs of economic improvement. Among the indicators compiled by the National Development Council (NDC), the trend-adjusted leading index increased by 0.18%, the trend-adjusted coincident index increased by 0.51% from the previous month, and the overall monitoring indicator flashed the "yellow-blue" signal.
- The Monitoring Indicators: The total score 20 in June 2016, the same level of previous month, flashing the “yellow-blue” signal for the third month. Among the nine components, the customs-cleared exports gained one point to change light from “blue” to “yellow-blue”, while the imports of machineries and electrical equipments lost one point to change light from “yellow-red” to “green”. The light signal for the rest of seven components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 98.83, up by 0.18% from May 2016. Among the seven indicators making up the trend-adjusted index, the TIER manufacturing sector composite indicator, building permits, TAIEX average closing price, and net accession rate of employees on payrolls of industry and services had positive cyclical movements from the previous month, while the SEMI book-to-bill ratio, real monetary aggregates M1B and the index of export orders had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 99.98, up by 0.51% from May 2016. Among the seven indicators making up the trend-adjusted index, the index of producer’s shipment for manufacturing, the industrial production index, electric power consumption, real machineries and electrical equipments imports, sales of trade and food services, and real customs-cleared exports had positive cyclical movements from the previous month, while nonagricultural employment had negative cyclical movement.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 97.69, down by 0.50% from May 2016. All six indicators making up the trend-adjusted index had negative cyclical movements, which were the inventories to sales ratio for manufacturing, the manufacturing unit output labor cost index, 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.
~~ Next publication date: August 26 2016 ~~