Taiwan Business Indicators in September 2017
Press Release
National Development Council (NDC)
October 27, 2017
In September 2017, the overall monitoring indicator flashed “green” signal. The total score increased by five points to 30. The trend-adjusted leading index and the coincident index increased from the previous month. The government will be closely monitoring the economic situation.
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The Monitoring Indicators: The total score in September 2017 increased by five points to 30, flashing the “green” signal for the second month. Among the nine components, the customs-cleared exports gained two points to change its individual light from “green” to “red”, the index of producer’s shipment for manufacturing gained one point to change its individual light from “green” to “yellow-red”, while the industrial production index and the sales of trade and food services each gained one point to change its individual light from “yellow-blue” to “green”. The light signal form the rest of five components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 101.36, up by 0.20% from August 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 104.19, up by 1.39% from August 2017. All seven indicators making up the trend-adjusted index had positive cyclical movements, which were the electric power consumption, real customs-cleared exports, sales of trade and food services, the index of producer’s shipment for manufacturing, real machineries and electrical equipments imports, the industrial production index, and nonagricultural employment.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 99.08, down by 0.33% from August 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 the unemployment rate (inverted), employees on payrolls in industry and services, loans and investments of monetary financial institutions, and the interbank overnight call-loan rate had positive cyclical movements.
~~ Next publication date: November 27 2017 ~~