Taiwan Business Indicators in November 2017
Press Release
National Development Council (NDC)
December 27, 2017
In November 2017, the overall monitoring indicator flashed “yellow-blue” signal. The total score decreased by one point to 22. 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 November 2017 decreased by one point to 22, flashing the “yellow-blue” signal for the first month. Among the nine components, the index of producer’s shipment for manufacturing loss one point to change its individual light from “yellow-blue” to “blue”. The light signal form the rest of eight components remained unchanged.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 101.78, up by 0.27% from last month. Among the seven indicators making up the trend-adjusted index, building permits, the index of export orders, real imports of semiconductor equipment, TAIEX average closing price, and the TIER manufacturing sector composite indicator had positive cyclical movements from the previous month, while real monetary aggregates M1B 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 103.18, up by 0.53% from last month. All the seven indicators making up the trend-adjusted index, sales of trade and food services, real machineries and electrical equipments imports, real customs-cleared exports, electric power consumption, the industrial production index, nonagricultural employment and the index of producer’s shipment for manufacturing had positive cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 100.36, up by 0.12% from last month. Among six indicators making up the trend-adjusted index, the manufacturing unit output labor cost index, 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, while the inventories to sales ratio for manufacturing had negative cyclical movements.
~~ Next publication date: January 26 2018 ~~