Unemployment in Taiwan
Taiwan - Unemployment
Available data for Q1 2019 points to another slowdown in the economy, which remains battered by lower demand for tech products and feeble regional dynamics. Crucially, merchandise exports contracted throughout the quarter, while the manufacturing PMI remained mired in contractionary territory. In addition, export orders—which usually lead actual exports by two to three months—contracted for a fourth consecutive month in February, suggesting further weakness ahead in the external sector. Turning to Q2, the picture will likely remain downbeat, although growth may have bottomed out already: In March, the improvement in the manufacturing PMI and strong capital goods imports both suggest renewed momentum in the industrial sector. Moreover, the possibility of a U.S.-China trade deal by the end of the quarter, although not certain, could lift trade momentum in the months ahead.Taiwan - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.2 | 4.0 | 3.8 | 3.9 | 3.8 |
Taiwan Unemployment Chart
Source: Directorate-General of Budget, Accounting & Statistics.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.75 | 1.28 % | May 13 |
| Exchange Rate | 31.11 | 0.07 % | May 13 |
| Stock Market | 10,558 | 0.37 % | May 13 |
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Economic News
Taiwan: Inflation inches up again in April
May 7, 2019
Consumer prices rose 0.75% in April from the previous month, contrasting the 0.62% decline logged in March.
Taiwan: Export contraction eases in April but March export orders still a lingering concern
May 7, 2019
Merchandise exports fell 3.3% in annual terms in April, which was less severe than the 4.4% contraction registered in March but still marked the sixth consecutive month of decline in Taiwan’s trade sector.
Taiwan: Manufacturing PMI edges down again in April
May 2, 2019
Operating conditions in the Taiwanese manufacturing sector continued to deteriorate in April for the seventh month running, and at a slightly faster pace than in March.
Taiwan: Growth softens in Q1 as domestic demand weakens and exports remain feeble
April 30, 2019
Economic growth slightly slowed in the first quarter of 2019 from the fourth quarter’s paltry performance as domestic demand lost momentum, while low export demand for electronics continued to weigh on the country’s core growth engine.
Taiwan: Industrial production posts sharpest contraction in over seven years in March
April 23, 2019
Industrial output declined 9.9% year-on-year in March, marking the worst fall in the production index since January 2012 and the fourth consecutive month of contraction in the sector.
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