The coincident indicator published by the Council for Economic Planning and Development (CEPD), that tracks the current developments in the economy, reached 124.0 points in October, up by 0.5% from the 123.4 points registered in September. The increase over September supports the view of current positive developments of the economy. In October, the leading indicator, which measures economic activity three to six months ahead, decreased 0.4% over September to 117.2 points. The reading represents the fifth consecutive contraction. However, according to the CEPD the declines have been getting smaller, suggesting that the economy will continue to pick up steam but at a decelerating pace. Overall, the CEPD is ?cautiously optimistic? on the economy for 2011, amid the sustained recovery of emerging markets and strong domestic investment related to the government's promotion campaigns. The government anticipates GDP to expand 10.0% this year and 4.5% in 2011.
Taiwan leading index falls In October
November 26, 2010
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Taiwan Economic News
October 9, 2016
In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance.
October 5, 2016
In September, consumer prices increased 0.45% over the previous month, which was a rebound from the 0.03% fall recorded in August.
October 3, 2016
Taiwanese manufacturers registered better business conditions for the fourth consecutive month in September.
September 29, 2016
At its quarterly monetary policy meeting on 29 September, the Central Bank of the Republic of China (Taiwan) decided to leave the discount rate unchanged at 1.375%, which was a decision that markets had expected, although some analysts had foreseen a further reduction to the key policy rate. The Central Bank has cut the main monetary policy rate four times since September 2015 by a total of 50 basis points and this time the authority decided to leave interest rates unchanged “against a back drop of moderate global growth and renewed momentum for the domestic economy, along with a mild inflation outlook for next year.” Regarding global developments and how they affect the Taiwanese economy, the Central Bank stated that the global economy continues to decelerate as a result of slower economic growth in the U.S., a still tepid recovery in the Eurozone economy and sluggish economic activity in Japan.
September 27, 2016
Taiwan’s industrial output increased substantially in August, backed by a base effect but also due to strong growth in semiconductor manufacturers’ output, which benefited from the debut of Apple’s latest iPhone model.