Taiwan Business Indicators in October 2018
Press Release
National Development Council (NDC)
November 27, 2018
In October 2018, the overall monitoring indicator flashed the “yellow-blue” signal. The total score maintained at 22. The trend-adjusted leading index and the coincident index decreased from the previous month. The government will be closely monitoring the economic situation.
- The Monitoring Indicators: The total score in October 2018 was 22, flashing the “yellow-blue” signal. Among the nine components, the import of machineries and electrical equipments flashed “yellow-red” signal. Industrial production index, customs-cleared exports, and sales of trade and food services flashed “green” signals. The monetary aggregates M1B, TAIEX average closing price, nonagricultural employments, index of producer’s shipment for manufacturing flashed “yellow-blue” signals. The TIER manufacturing sector composite indicator flashed “blue” signals.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 99.97 down by 0.60% from last month. Among the seven indicators making up the trend-adjusted index, real imports of semiconductor equipment, and real monetary aggregates M1B had positive cyclical movements from the previous month, while the TIER manufacturing sector composite indicator, diffusion index of export orders, TAIEX average closing price, new housing construction started, 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 100.18, down by 0.11% from last month. Among the seven indicators making up the trend-adjusted index, real machineries and electrical equipments imports, the industrial production index, and sales of trade and food services had positive cyclical movements, while electric power consumption, the index of producer’s shipment for manufacturing, real customs-cleared exports, and nonagricultural employments had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 100.22, down by 0.52% from last month. Among five indicators making up the trend-adjusted index, inventory value for manufacturing, and the interbank overnight call-loan rate had positive cyclical movements, while the manufacturing unit output labor cost index, loans and investments of financial institutions, and the unemployment rate (inverted) had negative cyclical movement.
~~ Next publication date: December 27 2018 ~~