Unemployment in Taiwan
Taiwan - UnemploymentAfter growth moderated in Q1, underlying momentum is easing in Q2. Pandemic-related restrictions in China and generally less favorable global demand conditions are weighing on the external sector and manufacturing. In May, the manufacturing PMI tumbled to a near two-year low and export growth waned, while export orders fell in April. Moreover, the non-manufacturing index plunged into contractionary territory in May, as record Covid-19 cases led to greater caution among consumers and firms. However, the government’s pivot towards living with the virus will limit the fallout. Despite surging caseloads, travel restrictions are being progressively eased, with the quarantine time for visitors cut to three days in June. In other news, Taiwan and the U.S. recently launched a trade “initiative”, signaling warming ties with Washington. However, the shift falls far short of a comprehensive trade deal.
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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November 8, 2022
Merchandise exports fell 0.5% year-on-year in October, on the heels of September’s 5.3% decrease.
November 7, 2022
Inflation came in at 2.7% in October, which was down from September’s 2.8%.
November 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) declined from 42.2 in September to 41.5 in October.
October 28, 2022
GDP growth gained pace to 4.1% year on year in the third quarter, from 3.0% in the second quarter.
October 16, 2022
Industrial production fell 4.8% year on year in September (August: +3.3% yoy).