Taiwan Economic Outlook
October 17, 2017Leading data suggests economic momentum persisted in the third quarter. The all-important external sector rounded off a quarter of strong export growth as shipments overseas soared to the best pace in nearly seven years in September. The upturn in exports reflects robust foreign demand for Taiwanese manufactured products, particularly electronics, which in turn continues to buttress activity in the domestic economy. Upbeat external dynamics, coupled with a small acceleration in real wage growth and buoyant equity prices, is also boosting confidence. Consumer and business sentiment logged their best readings in nearly two years in September. With the pipeline of new electronics product launches now in full swing, the external sector is expected to carry over its momentum into the fourth quarter and continue supporting overall growth. GDP growth is, however, expected to moderate due to an unfavorable base effect.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.02||0.20 %||Oct 18|
|Exchange Rate||30.20||0.03 %||Oct 18|
|Stock Market||10,720||-0.03 %||Oct 18|
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Taiwan Economic Growth
October 17, 2017The economy is expected to grow at a stable clip next year as government consumption turns more supportive on the back of higher public-sector wages and the ramp-up of public fixed investment linked to the country’s Forward-Looking Infrastructure Plan. This will offset moderating growth in exports, which will be affected by a strong base effect and maturing economic cycles in advanced economies. FocusEconomics panelists foresee GDP growth of 2.2% next year, which is up 0.1 percentage points from last month’s estimate. For 2019, the panel also expects growth to clock in at 2.2%.
Taiwan Economic News
October 11, 2017
Merchandise exports expanded 28.1% on an annual basis in September to a total of USD 28.9 billion, more than doubling the 12.7% rise recorded in August and marking the highest increase since July 2010.
October 6, 2017
Consumer prices were unchanged over the previous month in September, following a 0.15% monthly increase in August.
October 2, 2017
The manufacturing sector continued to expand at a solid clip in September, rounding off a quarter of upbeat operating conditions.
September 22, 2017
Taiwan’s Central Bank of the Republic of China (CBRC) held firm at its third quarterly monetary policy meeting of 2017, held on 22 September.
September 22, 2017
Industrial output grew 3.2% in year-on-year terms in August, which marked an improvement over the 2.1% expansion recorded in July.