Fiscal Balance in Taiwan
Taiwan - Fiscal BalanceAnnual economic growth accelerated for the second consecutive time in the third quarter, as government spending ramped up and private consumption growth accelerated slightly, supported by stronger loan growth. On the external front, exports of goods and services increased at a robust pace, defying the wider global trade slowdown. Turning to the fourth quarter, however, the economy seems set for a slowdown. Tourist arrivals from mainland China were down almost 50% in September compared to the same month a year earlier, which contrasted a small increase in August and was due to the Chinese government’s decision to curb tourist visits to Taiwan amid poor cross-strait relations. Moreover, the manufacturing PMI fell in October, pointing to weaker business activity, after the PMI momentarily rebounded for the first time in 11 months in September.
Taiwan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.4||-0.8||0.1||-0.3||-0.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.68||1.28 %||Sep 04|
|Exchange Rate||31.27||0.07 %||Sep 04|
|Stock Market||10,657||0.37 %||Sep 04|
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November 8, 2019
Merchandise exports decreased 1.5% in October in annual terms, after decreasing 4.6% in September.
November 6, 2019
Consumer prices increased 0.03% in October compared to the previous month, down from the 0.17% increase in September.
November 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, dipped to 49.8 in October from 50.0 in September, once again coming below the 50.0-threshold that separates contraction from expansion after briefly climbing above it in September for the first time in a year. The amount of new work received by manufacturers decreased in October at a faster pace than in September, amid a steeper drop in new export sales, partly due to the ongoing U.S.-China trade war.
October 31, 2019
The economy expanded 2.9% in the third quarter compared to the same quarter a year earlier, according to an advance GDP estimate, up from the second quarter’s 2.4% increase.
October 23, 2019
Industrial output decreased 0.8% in September compared to the same month a year earlier, contrasting the revised 2.4% increase in August (previously reported: +2.3% year-on-year). The downturn in September was driven by lower output in the manufacturing sector, which represents more than 90% of total industrial production; and lower output in the electricity and gas supply sector.