Taiwan Economic Outlook
December 18, 2017The economy continues to ride a strong cyclical upswing in electronic exports, driven by improved global trade flows and soaring foreign demand for tech products. GDP growth was confirmed at an over two-and-a-half-year high of 3.1% in Q3. The panorama remains equally upbeat in the fourth quarter, with the manufacturing PMI registering a six-year high in November and trade data showing stronger-than-expected shipments overseas in the same month. Both consumer and business sentiment also recorded their strongest results since late 2015, reaffirming upbeat economic prospects for the quarter. Meanwhile, the government scored a victory for its long-touted New Southbound Policy, which aims to reduce Taiwan’s dependence on mainland China. In early December, Taiwan and the Philippines inked an updated investment deal.
Taiwan Economic GrowthEconomic growth is expected to remain robust next year on higher real wages and the implementation of the government’s Forward-Looking Infrastructure Plan. A stronger domestic economy, however, will be offset by weaker momentum in the external sector, as a strong base effect and maturing economic cycles across several developed countries will likely lead to softer export growth. Met the why particular panelists forecast growth of 2.4% next year, which is up 0.1 percentage points from last month’s estimate. GDP growth is seen at 2.3% in 2019.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.96||1.28 %||Dec 06|
|Exchange Rate||30.01||0.07 %||Dec 06|
|Stock Market||11,394||0.37 %||Dec 06|
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Taiwan Economic News
January 5, 2018
Consumer prices decreased 0.15% from the previous month in December, contrasting the 0.24% increase recorded in November.
January 2, 2018
Manufacturing activity expanded at the fastest pace in over six years once again in December.
December 22, 2017
Industrial output grew 0.9% in annual terms in November, a slowdown from the revised 2.5% expansion recorded in September (previous estimate: +2.9% year-on-year).
December 7, 2017
Merchandise exports rose 14.0% on an annual basis in November to a total of USD 28.9 billion, well ahead of market expectations of 8.0% growth for the month.
December 5, 2017
Consumer prices increased 0.24% over the previous month in November, down from the 0.61% growth recorded in October.