Taiwan: Taiwan leading index falls In October
November 26, 2010
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.