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Taiwan Business Indicators in October 2017

Taiwan Business Indicators in October 2017

Press Release

National Development Council (NDC)

November 27, 2017

In October 2017, the overall monitoring indicator flashed “green” signal. The total score decreased by five points to 23. The trend-adjusted leading index and the coincident index increased from the previous month. The government will be closely monitoring the economic situation.

  1. The Monitoring Indicators: The total score in October 2017 decreased by five points to 23, flashing the “green” signal for the third month. Among the nine components, the index of producer’s shipment for manufacturing loss two point to change its individual light from “yellow-red” to “yellow-blue”, the TIER manufacturing sector composite indicator loss one point to change its individual light from “yellow-red” to “green”., the industrial production index and the sales of trade and food services each loss one point to change its individual light from “green” to “yellow-blue”. The light signal form the rest of five components remained unchanged.  
  2. Leading Indicators: With revised data, the trend-adjusted leading index stood at 101.58, up by 0.26% from last month. 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.
  3. Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 102.89, up by 0.5% from last month. Among the seven indicators making up the trend-adjusted index, the electric power consumption, sales of trade and food services, real machineries and electrical equipments imports, the industrial production index, the index of producer’s shipment for manufacturing and nonagricultural employment had positive cyclical movements, while the real customs-cleared exports had negative cyclical movements.
  4. Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 99.90, up by 0.11% from last month. Among six indicators making up the trend-adjusted index, the unemployment rate (inverted), the manufacturing unit output labor cost index, employees on payrolls in industry and services, the interbank overnight call-loan rate and loans and investments of monetary financial institutions had positive cyclical movements, while the inventories to sales ratio for manufacturing had negative cyclical movements.

~ Next publication date: December 27 2017 ~


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    1. Taiwan Business Indicators in October 2017
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