Taiwan Business Indicators in May 2010
Press Release
Council for Economic Planning and Development
June 28, 2010
In May 2010, Taiwan Business Indicators indicated that economy has been picking up steadily. 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 2.4 points, the trend-adjusted coincident index rose by 0.9 % 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 110.5, up by 0.3% from April. Its annualized six-month rate of change declined by 2.4 points to 10.8%. Among the seven indicators making up the trend-adjusted index, stock price index, SEMI book-to-bill ratio, real monetary aggregates M1B, and index of export orders had negative cyclical movement from previous month. Index of producer's inventory for manufacturing, building permits, and average monthly overtime in industry and services had positive cyclical movements from previous month.
2. Coincident Indicators: With revised data, the coincident index stood at 112.8, up by 0.9% from April. Its trend-adjusted index rose by 0.9% to 110.7, increasing for the sixteenth consecutive month. All coincident indicators contributed positively to the trend-adjusted index, led mainly by the real customs-cleared exports, electric power consumption, the index of producer’s shipment for manufacturing, and real imports of machineries and electrical equipments.
3. The Monitoring Indicators: The total score in May was down by 2 points to 37, changing the overall light signal from "red" to "yellow-red". Among the nine components, money supply M1B and stock price index each lost one point and changed their individual light signals from "red" to "yellow-red". The light signals for the rest of seven components remained unchanged.
4. T~~ The next release is scheduled for July 27, 2010 ~~T