Taiwan Business Indicators in November 2018
Press Release
National Development Council (NDC)
December 27, 2018
In November 2018, the overall monitoring indicator flashed the “yellow-blue” signal. The total score decreased at 17. 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 November 2018 was 17, flashing the “yellow-blue” signal. Among the nine components, the import of machineries and electrical equipments flashed “green” signal. The monetary aggregates M1B, TAIEX average closing price, industrial production index, nonagricultural employments, customs-cleared exports, and sales of trade and food services flashed “yellow-blue” signals. Index of producer’s shipment for manufacturing and the TIER manufacturing sector composite indicator flashed “blue” signals.
- Leading Indicators: With revised data, the trend-adjusted leading index stood at 99.58, down by 0.65% from last month. Among the seven indicators making up the trend-adjusted index, real imports of semiconductor equipment, real monetary aggregates M1B, and net accession rate of employees on payrolls of industry and services had positive cyclical movements from the previous month, while the TIER manufacturing sector composite indicator, diffusion index of export orders, TAIEX average closing price, and new housing construction started had negative cyclical movements.
- Coincident Indicators: With revised data, the trend-adjusted coincident index stood at 99.28, down by 0.42% from last month. Among the seven indicators making up the trend-adjusted index, the industrial production index, and real customs-cleared exports had positive cyclical movements, while electric power consumption, the index of producer’s shipment for manufacturing, real machineries and electrical equipments imports, sales of trade and food services, and nonagricultural employments had negative cyclical movements.
- Lagging Indicators: With revised data, the trend-adjusted lagging index stood at 99.44, down by 0.72% 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: January 28 2019 ~~