Taiwan Business Indicators in October 2010
Press Release
Council for Economic Planning and Development
November 26, 2010
In October 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 1.8 points, the trend-adjusted coincident index decreased by 0.2% 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 117.2, down by 0.4% from September. Its annualized six-month rate of change declined by 1.8 points to 0.3%, decreasing for the eleventh consecutive month. Among the seven indicators making up the trend-adjusted index, SEMI book-to-bill ratio, index of producer's inventory for manufacturing, index of export orders, average monthly overtime in industry and services, 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 124.0, up by 0.5% from September. Its trend-adjusted index decreased by 0.2% to 106.1. Among the seven indicators making up the trend-adjusted index, the real customs-cleared exports, industrial production index, index of producer’s shipment for manufacturing, electric power consumption, and real imports of machineries and electrical equipments had negative cyclical movements from previous month. The 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 124.8, up by 1.9% from September. Its trend-adjusted index rose by 1.2% to 106.8, increasing for the thirteenth consecutive month. All the six indicators making up the trend-adjusted index had positive cyclical movements from previous month.
4. The Monitoring Indicators: The total score in October was down by 3 points to 34. The overall light signal flashed the "yellow-red" signal for the second consecutive month. Among the nine components, monetary aggregates M1B, nonagricultural employment and imports of machineries, electrical equipments each lost one point and changed their individual light signals. The light signals for the rest of six components remained unchanged.
~~ The next release is scheduled for December 27, 2010 ~~