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Taiwan Business Indicators in May 2017

Press Release

National Development Council (NDC)

June 27, 2017

In May 2017, the overall monitoring indicator flashed “yellow-blue” signal. The total score decreased by one point to 20. The trend-adjusted leading and coincident index decreased from the previous month. The government will be closely monitoring the economic situation.

  1. The Monitoring Indicators: The total score in May 2017 decreased by one point to 20, flashing the “yellow-blue” signal for the second month. Among the nine components, the index of producer’s shipment for manufacturing lost one point to change its individual light from “yellow-blue” to “blue”. The light signal for the rest of eight components remained unchanged.
  2. Leading Indicators: With revised data, the trend-adjusted leading index stood at 99.84, down by 0.60% from April 2017. Among the seven indicators making up the trend-adjusted index, TAIEX average closing price had positive cyclical movement from the previous month, while the index of export orders, real imports of semiconductor equipment, the TIER manufacturing sector composite indicator, real monetary aggregates M1B, net accession rate of employees on payrolls of industry and services, and building permits had negative cyclical movements.
  3. Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 98.8, down by 1.24% from April 2017. Among seven indicators making up the trend-adjusted index, nonagricultural employment had positive cyclical movement, while electric power consumption, the index of producer’s shipment for manufacturing, real customs-cleared exports, the industrial production index, real machineries and electrical equipments imports, and sales of trade and food services had negative cyclical movements.
  4. Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 102.73, up by 1.22% from April 2017. All six indicators making up the trend-adjusted index had positive cyclical movements, which were the manufacturing unit output labor cost index, the inventories to sales ratio for manufacturing, loans and investments of monetary financial institutions, regular employees on payrolls in industry and services, the unemployment rate (inverted), and the interbank overnight call-loan rate.

~~ Next publication date: July 27 2017 ~~

 

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