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Taiwan Business Indicators in October 2016

Press Release

National Development Council (NDC)

November 28, 2016

In October 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 0.21%, the trend-adjusted coincident index increased by 1.09% from the previous month, and the overall monitoring indicator flashed the "green" signal.

  1. The Monitoring Indicators: The total score in October 2016 increased by one point to 24, flashing the “green” signal for the fourth month. Among the nine components, the customs-cleared exports and the index of producer’s shipment for manufacturing each gained one point to change its individual light from “blue” to “yellow-blue”, the imports of machineries and electrical equipments lost one point to change its individual light from “red” to “yellow-red”. The light signal for the rest of six components remained unchanged.
  2. Leading Indicators: With revised data, the trend-adjusted leading index stood at 100.82, up by 0.21% from September 2016. Among the seven indicators making up the trend-adjusted index, the index of export orders, TAIEX average closing price, net accession rate of employees on payrolls of industry and services, the TIER manufacturing sector composite indicator, and real monetary aggregates M1B had positive cyclical movements from the previous month, while the SEMI book-to-bill ratio and building permits had negative cyclical movements.
  3. Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 104.05, up by 1.09% from September 2016. Among the seven indicators making up the trend-adjusted index, real machineries and electrical equipments imports, electric power consumption, real customs-cleared exports, sales of trade and food services, the industrial production index, and the index of producer’s shipment for manufacturing had positive cyclical movements from the previous month, while nonagricultural employment had negative cyclical movement.
  4. Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 97.72, down by 0.32% from September 2016. Among the six indicators making up the trend-adjusted index, the unemployment rate (inverted), the interbank overnight call-loan rate, and loans and investments of monetary financial institutions had positive cyclical movements from the previous month, while the manufacturing unit output labor cost index, the inventories to sales ratio for manufacturing, and regular employees on payrolls in industry and services had negative cyclical movements.

 

~~ Next publication date: December 27 2016 ~~


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