Taiwan Business Indicators in September 2009
Press Release
Council for Economic Planning and Development
October 27, 2009
In September 2009, the consecutive improvement of Taiwan Business Indicators provides further evidence of a recovery from serious slowdown in Taiwan. 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 rose 3.3 points, the trend-adjusted coincident index also rose by 2.1% from the previous month, and the overall monitoring indicator flashed the "yellow-blue" signal.
1. Leading Indicators: With revised data, the leading index stood at 101.0, up by 1.7% from August. Its annualized six-month rate of change rose by 3.3 points to 20.0%. The increasing leading index mainly came from the positive cyclical movements in average monthly overtime in industry and services, SEMI book-to-bill ratio, the index of export orders, building permits, real monetary aggregates M1B, stock price index, and index of producer's inventory.
2. Coincident Indicators: With revised data, the coincident index stood at 96.6, up by 1.7% from August. Its trend-adjusted index rose by 2.1% to 101.4. The increasing coincident index mainly came from the positive cyclical movements in electric power consumption, industrial production index, real customs-cleared exports, real machineries and electrical equipments imports, and real manufacturing sales.
3. The Monitoring Indicators: The total score in September increased 1 point to 19, flashing the fourth "yellow-blue" signal. Among the nine components, stock price index gained one point and changed its individual light signal from "green" to "yellow- red". The light signals for the rest of eight components remained unchanged.
~~ The next release is scheduled for November 27, 2009 ~~