Taiwan Business Indicators in November 2010
Press Release
Council for Economic Planning and Development
December 27, 2010
In November 2010, Taiwan Business Indicators indicated that the economy continued its steady growth. Among the indicators compiled by the Cabinet’s Council for Economic Planning and Development (CEPD), the annualized six-month rate of change of leading index decreased 1.0 points, the trend-adjusted coincident index increased by 0.03% from the previous month, and the overall monitoring indicator flashed the "yellow-red" signal.
1. Leading Indicators: With revised data, the composite leading index stood at 119.3, down by 0.03% from October. Its annualized six-month rate of change declined by 1.0 points to 1.0%. Among the seven indicators making up the trend-adjusted index, SEMI book-to-bill ratio, average monthly overtime in industry and services, index of producer's inventory for manufacturing, index of export orders, building permits, and real monetary aggregates M1B had negative cyclical movements from previous month. Stock price index had positive cyclical movement from previous month.
2. Coincident Indicators: With revised data, the coincident index stood at 126.4, up by 0.8% from October. Its trend-adjusted index increased by 0.03% to 105.9. Among the seven indicators making up the trend-adjusted index, the real customs-cleared exports, real imports of machineries and electrical equipments, electric power consumption and index of producer’s shipment for manufacturing had negative cyclical movements from previous month. The industrial production index, nonagricultural employment and sales index of wholesale, retail, and food services had positive cyclical movements from previous month.
3. Lagging Indicators: With revised data, the lagging index stood at 126.8, up by 1.7% from October. Its trend-adjusted index rose by 0.9% to 106.2, increasing for the fourteenth consecutive month. Except for the manufacturing unit output labor cost index, all the indicators making up the trend-adjusted index had positive cyclical movements from previous month.
4. The Monitoring Indicators: The total score in November was down by 2 points to 32. The overall light signal flashed the "yellow-red" signal for the third consecutive month. Among the nine components, customs-cleared exports and imports of machineries, electrical equipments each lost one point and changed their individual light signals. The light signals for the rest of seven components remained unchanged.
~~ The next release is scheduled for January 27, 2011 ~~