Taiwan Business Indicators in October 2009
Press Release
Council for Economic Planning and Development
November 27, 2009
In October 2009, Taiwan’s economic condition had gradually stabilized, given the improved visibility on global economy further. 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 0.6 points, the trend-adjusted coincident index rose by 2.4% from the previous month, and the overall monitoring indicator flashed the "green" signal.
1. Leading Indicators: With revised data, the leading index stood at 103.7, up by 0.5% from September. Its annualized six-month rate of change decreased by 0.6 points to 21.2%. Among the seven indicators making up the composite index, average monthly overtime in industry and services, real monetary aggregates M1B, building permits, stock price index, and the index of export orders had positive cyclical movements from previous month. SEMI book-to-bill ratio and index of producer's inventory had negative cyclical movements from previous month.
2. Coincident Indicators: With revised data, the coincident index stood at 101.2, up by 2.1% from September. Its trend-adjusted index rose by 2.4% to 104.1. All coincident indicators contributed positively to the index, led mainly by large increase of the cyclical movements in industrial production index, real machineries and electrical equipments imports, real manufacturing sales, and real customs-cleared exports.
3. The Monitoring Indicators: The total score in September was revised to 20 from 19, following an upward revision in sales index of wholesale, retail and food services. The total score in October increased 8 points to 28, changing the overall light signal from "yellow-blue" to "green". Among the nine components, industrial production index gained three points and changed its individual light signal from "blue" to "yellow- red". Imports of machineries, electrical equipments and manufacturing sales each gained two points and changed their individual light signal from "blue" to "green". Stock price index gained one point and changed its individual light signal from "yellow-red" to "red". The light signals for the rest of four components remained unchanged.
~~ The next release is scheduled for December 28, 2009 ~~