Taiwan Business Indicators in August 2017
Press Release
National Development Council (NDC)
September 27, 2017
In August 2017, the overall monitoring indicator flashed “green” signal. The total score increased by two points to 24. The trend-adjusted leading index and the coincident index increased from the previous month. The government will be closely monitoring the economic situation.
- The Monitoring Indicators: The total score in August 2017 increased by two points to 24, flashing the “green” signal for the first month. Among the nine components, the customs-cleared exports gained one point to change its individual light from “yellow-blue” to “green”, while the TIER manufacturing sector composite indicator gained one point to change its individual light from “green” to “yellow-red”. The light signal form the rest of seven components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 101.02, up by 0.13% from July 2017. Among the seven indicators making up the trend-adjusted index, building permits, the TIER manufacturing sector composite indicator, the index of export orders, TAIEX average closing price, and real monetary aggregates M1B had positive cyclical movements from the previous month, while real imports of semiconductor equipment, and net accession rate of employees on payrolls of industry and services had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 101.85, up by 0.62% from July 2017. Among seven indicators making up the trend-adjusted index, electric power consumption, and real machineries and electrical equipments imports had negative cyclical movements, while sales of trade and food services, real customs-cleared exports, the index of producer’s shipment for manufacturing, the industrial production index, and nonagricultural employment had positive cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 100.77, down by 0.17% from July 2017. Among six indicators making up the trend-adjusted index, the inventories to sales ratio for manufacturing, and the manufacturing unit output labor cost index had negative cyclical movements, while employees on payrolls in industry and services, the unemployment rate (inverted), loans and investments of monetary financial institutions, and the interbank overnight call-loan rate had positive cyclical movements.
~~ Next publication date: October 27 2017 ~~