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Taiwan Business Indicators in November 2013

Taiwan Business Indicators in November 2013
Press Release
Council for Economic Planning and Development, Executive Yuan
December 27, 2013
In November 2013, the Taiwan Business Indicators showed the economic recovery to remain on the slower track. Among the indicators compiled by the Cabinet’s Council for Economic Planning and Development (CEPD), the trend-adjusted leading index increased by 0.19%, the trend-adjusted coincident index increased by 0.07% from the previous month, and the overall monitoring indicator flashed the "yellow-blue" signal.
1. Leading Indicators: With revised data, the composite leading index stood at 103.58, up by 0.29% from October 2013. Its trend-adjusted index increased by 0.19% to 101.20. Among the seven indicators making up the trend-adjusted index, the index of export orders, net accession rate of employees on payrolls of industry and services, SEMI book-to-bill ratio, real monetary aggregates M1B, and TAIEX average closing price had positive cyclical movements from the previous month, while building permits and the TIER manufacturing sector composite indicator had negative cyclical movements.
2. Coincident Indicators: With revised data, the coincident index stood at 101.58, up by 0.17% from October 2013. Its trend-adjusted index increased by 0.07% to 99.24. Among the seven indicators making up the trend-adjusted index, sales of trade and food services, the index of producer’s shipment for manufacturing, and the industrial production index had positive cyclical movements from the previous month, while real customs-cleared exports, electric power consumption, real machineries and electrical equipments imports, and nonagricultural employment had negative cyclical movements.
3. Lagging Indicators: With revised data, the lagging index stood at 100.51, down by 0.22% from October 2013. Its trend-adjusted index decreased by 0.32% to 98.20. All six indicators making up the trend-adjusted index had negative cyclical movements from previous month, which were the inventories to sales ratio for manufacturing, the manufacturing unit output labor cost index, the unemployment rate (inverted), regular employees on payrolls in industry and services, loans and investments of monetary financial institutions, and the interbank overnight call-loan rate.
4. The Monitoring Indicators: The total score in November increased by one point to 21, flashing the “yellow-blue” signal for the fifth month. Among the nine components, the index of producer’s shipment for manufacturing gained one point to change its individual light signal from “blue” to “yellow-blue”. The light signals for the rest of eight components remained unchanged.
~~ The next release is scheduled for January 27 2014 ~~
 


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    1. Taiwan Business Indicators in November 2013 (Word)
    2. Taiwan Business Indicators in November 2013 (PDF)
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