Taiwan Business Indicators in July 2009
Press Release
Council for Economic Planning and Development
August 27, 2009
In July 2009, several economic indicators pointed to a significant easing of Taiwan’s deep slowdown. 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 5.7 points, the trend-adjusted coincident index also rose by 3.1% 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 97.3, up by 2.3% from June. Its annualized six-month rate of change rose by 5.7 points to 11.3%. The increasing leading index mainly came from the positive cyclical movements in SEMI book-to-bill ratio, the index of export orders, index of producer's inventory, average monthly overtime in industry and services, real monetary aggregates M1B, and stock price index.
2. Coincident Indicators: With revised data, the coincident index stood at 95.1, up by 2.7% from June. Its trend-adjusted index rose by 3.1% to 98.7. The increasing coincident index largely came from the positive cyclical movements in electric power consumption, industrial production index, the sales index of wholesale, retail, and food services, real manufacturing sales, real customs-cleared exports, and real imports of machineries and electrical equipments.
3. The Monitoring Indicators: The total score in July increased 1 point to 18, flashing the second "yellow-blue" signal. Among the nine components, sales index of wholesale, retail and food services gained one point and changed its individual light signal from " yellow-red " to " red". The light signals for the rest of eight components remained unchanged.
~~ The next release is scheduled for September 28, 2009 ~~