Fiscal Balance in Taiwan
Taiwan - Fiscal Balance
After the economy lost momentum in the second quarter amid the reimposition of nationwide restrictions, annual growth has likely slowed down further in the third quarter. However, this is largely owing to a less favorable base effect, as underlying conditions have actually improved amid ebbing daily Covid-19 cases and looser restrictions. Accordingly, data for July–August is upbeat: Exports recorded healthy growth and the non-manufacturing PMI was above Q2’s average. Moreover, consumer confidence improved in the same period, which, together with lower unemployment in July, bodes well for private consumption. In other news, on 9 September the government announced a plan to hand out USD 5.8 billion worth of coupons to boost household spending. The stimulus should work as an indirect relief package for small businesses hit by the pandemic’s fallout.Taiwan - Fiscal Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 0.1 | -0.3 | -0.1 | 0.0 | - |
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 1.28 % | Dec 31 |
| Exchange Rate | 29.91 | 0.07 % | Jan 01 |
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Economic News
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Taiwan: Industrial output records slowest growth since February in August
September 27, 2021
Industrial output expanded 13.7% compared to the same month of the previous year in August, which followed July's 14.4% increase.
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Taiwan: Inflation rises in August
September 7, 2021
Consumer prices rose 0.59% from the previous month in August, accelerating from July's 0.21% increase.
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Taiwan: Merchandise exports increase at a milder rate in August
September 7, 2021
Merchandise exports soared 26.9% over the same month last year in August, on the heels of July’s 34.7% jump.
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Taiwan: Manufacturing PMI deteriorates in August
September 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 58.5 in August from July's 59.7.
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Taiwan: Industrial output records lowest expansion since February in July
August 23, 2021
Industrial output grew 13.9% compared to the same month a year earlier in July, which was a deterioration from June's 18.0% increase.
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