Taiwan Business Indicators in August 2009
Press Release
Council for Economic Planning and Development
September 28, 2009
In August 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 4.4 points, the trend-adjusted coincident index also rose by 1.0% 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 100.0, up by 1.9% from July. Its annualized six-month rate of change rose by 4.4 points to 18.1%. The increasing leading index mainly came from the positive cyclical movements in average monthly overtime in industry and services, the index of export orders, index of producer's inventory, real monetary aggregates M1B, building permits, and stock price index.
2. Coincident Indicators: With revised data, the coincident index stood at 92.5, up by 0.6% from July. Its trend-adjusted index rose by 1.0% to 97.3. The increasing coincident index mainly came from the positive cyclical movements in real customs-cleared exports, electric power consumption, real manufacturing sales, industrial production index, the sales index of wholesale, retail, and food services.
3. The Monitoring Indicators: The total score recorded 18 in August, remaining at the same level of July. The overall light signal was flashing the "yellow-blue" signal for the third consecutive month. Among the nine components, stock price index gained one point and changed its individual light signal from "yellow- blue" to "green", sales index of wholesale, retail and food services lost one point and changed its individual light signal from "red" to "yellow-red". The light signals for the rest of seven components remained unchanged.
~~ The next release is scheduled for October 27, 2009 ~~