Taiwan Business Indicators in June 2009
Press Release
Council for Economic Planning and Development
July 27, 2009
In June 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 4.8 points, the trend-adjusted coincident index also rose by 1.1% from the previous month, and the overall monitoring indicator flashed the "yellow-blue" signal.
1. Leading Indicators: With revised data, the composite leading index stood at 97.9, up by 1.8% from May. Its annualized six-month rate of change rose by 4.8 points to 8.3%. The increasing leading index mainly came from the positive cyclical movements in average monthly overtime in industry and services, the index of export orders, real monetary aggregates M1B, SEMI book-to-bill ratio, and stock price index.
2. Coincident Indicators: With revised data, the coincident index stood at 89.6, up by 1.1% from May. Its trend-adjusted index rose by 1.1% to 88.7. The increasing coincident index largely came from the positive cyclical movements in industrial production index, real customs- cleared exports, the sales index of wholesale, retail, and food services, and real machineries and electrical equipments imports.
3. The Monitoring Indicators: The total score in June increased 5 points to 17, changing the overall light signal from "blue" to "yellow-blue". Among the nine components, three showed gains in their individual light signals. Sales index of wholesale, retail and food services gained three points, while monetary aggregates M1B and stock price index each gained one point. The light signals for the rest of six components remained unchanged.
~~ The next release is scheduled for August 27, 2009 ~~