Taiwan Ranks 5th on BERI Investment List
Taiwan Business Indicators in July 2010
Taiwan Business Indicators in July 2010
Press Release
August 27, 2010
In July 2010, Taiwan Business Indicators indicated that economy continued its
mild growth. Among the indicators compiled by the Cabinet’s Council for Economic
Planning and Development (CEPD), the annualized six-month rate of change of
leading index decreased 3.1 points, the trend-adjusted coincident index rose by
0.5% from the previous month, and the overall monitoring indicator flashed the
"red" signal.
1. Leading Indicators: With revised data, the composite leading index stood at
117.6, down by 0.2% from Jun. Its annualized six-month rate of change declined
by 3.1 points to 7.0%. Among the seven indicators making up the trend-adjusted
index, index of producer's inventory for manufacturing, index of export orders,
real monetary aggregates M1B, building permits, stock price index, and SEMI
book-to-bill ratio had negative cyclical movements from previous month. Average
monthly overtime in industry and services had positive cyclical movement from
previous month.
2. Coincident Indicators: With revised data, the coincident index stood at
124.0, up by 1.0% from June. Its trend-adjusted index rose by 0.5% to 110.3,
increasing for the seventeenth consecutive month. Among the seven indicators
making up the trend-adjusted index, the nonagricultural employment, sales index
of wholesale, retail, and food services, real customs-cleared exports, electric
power consumption, and real imports of machineries and electrical equipments had
positive cyclical movements from previous month. The industrial production index
and the index of producer’s shipment for manufacturing had negative cyclical
movements from previous month.
3. Lagging Indicators: With revised data, the lagging index stood at 118.5, up
by 2.6% from June. Its trend-adjusted index rose by 2.0% to 105.3, increasing
for the tenth consecutive month. All the six indicators making up the
trend-adjusted index had positive cyclical movements from previous month.
4. The Monitoring Indicators: The total score increased 1 point to 38, changing
the overall light signal from "yellow-red" to "red". Among the nine components,
nonagricultural employment gained one point and changed its individual light
signal from "yellow-red" to "red". The light signals for the rest of eight
components remained unchanged.
~~ The next release is scheduled for September 27, 2010
Council for Economic Planning and Development
~~
