Taiwan Economic Outlook
March 19, 2019
The 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 Growth
With 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
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Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.81 | 1.28 % | Mar 20 |
| Exchange Rate | 30.75 | 0.07 % | Mar 20 |
| Stock Market | 10,552 | 0.37 % | Mar 20 |
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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.
Taiwan: Inflation remains low and stable in February
March 8, 2019
Consumer prices jumped 0.99% in February from the previous month, contrasting the 0.09% decline registered in January.
Taiwan: PMI dips again in February as export sales fall to seven-year low
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.
Taiwan: Industrial production contracts for second consecutive month in January
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).
Taiwan: Exports dip again in January, signaling ongoing weakness throughout Q1
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.
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