Taiwan Economic Outlook
March 19, 2019The economy appears set for another slowdown in the first quarter of this year, after growth decelerated noticeably in the fourth quarter of last year. The manufacturing PMI fell to the lowest level in three-and-a-half years in February, indicating a quickening contraction in the goods-producing sector. The deterioration in February came on the back of falling demand in key export markets such as mainland China and Hong Kong. This was corroborated by separate customs data, which showed merchandise exports fell at the fastest pace in three years in February; moreover, export orders, which usually lead actual exports by two to three months, fell for the third consecutive month in January, the latest month for which data is available. On a more positive note, however, the unemployment rate dipped to an eight-month low in February, and consumer and business confidence ticked up slightly.
Taiwan Economic GrowthWith the persistent U.S.-China trade spat, an ongoing mainland slowdown and rising cross-strait tensions, the economic outlook appears less bright this year compared to last year. That said, fiscal stimulus in the form of a large infrastructure investment plan should support domestic momentum in the coming months. FocusEconomics panelists forecast GDP growth of 2.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and 2.1% again in 2020.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||0.81||1.28 %||Mar 20|
|Exchange Rate||30.75||0.07 %||Mar 20|
|Stock Market||10,552||0.37 %||Mar 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Taiwan Economic News
Taiwan: Exports post sharpest contraction in nearly three years in February while orders continue to spell gloom ahead
March 8, 2019
Merchandise exports fell 8.8% in annual terms in February, logging the fourth consecutive month of decline after January’s 0.3% dip.
March 8, 2019
Consumer prices jumped 0.99% in February from the previous month, contrasting the 0.09% decline registered in January.
March 4, 2019
Operating conditions in the Taiwanese manufacturing sector deteriorated further in February, confirming feeble economic momentum so far in the first quarter amid nosediving external demand.
February 26, 2019
Industrial output fell 1.9% year-on-year in January, worsening from the revised 1.1% contraction logged in December (previously reported: -1.2% year-on-year).
February 15, 2019
Merchandise exports fell 0.3% in annual terms in January, improving over December’s 3.0% year-on-year contraction and overshooting analysts’ estimates of a 2.9% fall.