Unemployment in Taiwan
Taiwan - UnemploymentAfter a stellar Q1, the economy lost steam in Q2 as a domestic Covid-19 outbreak led to the imposition of nationwide restrictions, with annual GDP growth easing and activity shrinking in quarter-on-quarter terms. The softer year-on-year reading was driven by a contraction in private consumption and milder public spending growth. However, fixed investment and exports continued to soar, propelled by a buoyant semiconductor sector. Moving to the third quarter, momentum appears to be improving amid plummeting domestic Covid-19 cases, the vaccine rollout and the loosening of restrictions. In July, exports recorded healthy growth, the manufacturing PMI gained ground and the National Development Council’s non-manufacturing index returned to expansionary territory. In other news, Taiwan began rolling out a domestically-developed Covid-19 vaccine in August, which should aid the vaccination process.
Taiwan - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Unemployment Chart
Source: Directorate-General of Budget, Accounting & Statistics.
|Bond Yield||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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September 7, 2021
Consumer prices rose 0.59% from the previous month in August, accelerating from July's 0.21% increase.
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.
September 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 58.5 in August from July's 59.7.
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.
August 9, 2021
Merchandise exports soared 34.7% on an annual basis in July, on the heels of June’s 35.1% jump, amid further strong growth in electronics exports.