Unemployment in Taiwan
Taiwan - UnemploymentThe economy rebounded strongly in the third quarter, contrasting the marginal contraction in the second quarter and marking the best result in two years. The turnaround was spearheaded by firmer exports growth, chiefly thanks to soaring demand for Taiwanese electronic goods from China and the U.S. On the domestic front, consumer demand showed signs of recovery in Q3, contracting at a much softer pace than in Q2. On top of that, government spending bounced back in the quarter, solidifying the overall economic recovery in turn. Turning to Q4, available data suggests sustained momentum at the tail end of the year. In October, the manufacturing PMI remained virtually unchanged at September’s 30-month high, which, coupled with an uptick in business confidence, points to solid private sector activity growth at the outset of the quarter. Moreover, sustained forward-looking export order growth in September signals upbeat external sector conditions in Q4.
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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June 17, 2021
At its monetary policy meeting on 17 June, the Board of Directors of Taiwan’s Central Bank (CBC) kept rates unchanged, with the discount rate set at the record low of 1.125%. On one hand, strong domestic economic momentum so far this year, coupled with rising price pressures and recoveries abroad, meant that further stimulus was not warranted.
June 8, 2021
Consumer prices rose 0.26% over the previous month in May, moderating from April's 0.66% increase.
June 8, 2021
Merchandise exports shot up 38.6% annually in May (April: +38.7% year-on-year), supported once again by a surging electronics sector.
June 1, 2021
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 62.0 in May from April's 62.4.
May 24, 2021
Industrial output increased 13.6% year-on-year in April (March: +16.1% yoy).