Press Release
National Development Council (NDC)
September 29, 2016
In August 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 0.82%, the trend-adjusted coincident index increased by 1.13% from the previous month, and the overall monitoring indicator flashed the "green" signal.
- The Monitoring Indicators: The total score in August 2016 increased by two points to 25, flashing the “green” signal for the second month. Among the nine components, the industrial production index and the index of producer’s shipment for manufacturing each gained one point to change its individual light from “yellow-blue” 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 101.16, up by 0.82% from July 2016. Among the seven indicators making up the trend-adjusted index, building permits, the index of export orders, TAIEX average closing price, the TIER manufacturing sector composite indicator, net accession rate of employees on payrolls of industry and services, and real monetary aggregates M1B had positive cyclical movements from the previous month, while the SEMI book-to-bill ratio had negative cyclical movement.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 102.86, up by 1.13% from July 2016. Among the seven indicators making up the trend-adjusted index, real machineries and electrical equipments imports, sales of trade and food services, the index of producer’s shipment for manufacturing, real customs-cleared exports, the industrial production index, and electric power consumption 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 96.89, down by 0.54% from July 2016. Among the six indicators making up the trend-adjusted index, loans and investments of monetary financial institutions, and the interbank overnight call-loan rate had positive cyclical movements from the previous month, while the inventories to sales ratio for manufacturing, the manufacturing unit output labor cost index, regular employees on payrolls in industry and services, and the unemployment rate (inverted) had negative cyclical movements.
~~ Next publication date: October 27 2016 ~~