Taiwan Economic Outlook
March 20, 2018The stellar growth momentum observed in the fourth quarter seems to have continued into the first months of 2018, buoyed by a robust external sector. Exports expanded strongly in the January–February period, while the PMI remained near its seven-year high in February. Importantly, new export orders grew at an almost one-year high in January, suggesting that the strong trend in export growth will continue in the months ahead, which, in turn, will buttress the employment outlook. Moreover, advances in next-generation semiconductor technology and supportive government policies are expected to propel investment from chip manufacturers. However, the United States’ recent decision to impose tariffs on steel and aluminum risks disrupting this momentum by sparking concerns of a global trade war.
Taiwan Economic GrowthA maturing global business cycle should soften export growth this year, but domestic demand should pick up the external sector’s slack, buttressed by planned hikes in the minimum wage and public sector salaries. Met the why particular panelists forecast GDP growth of 2.6% this year, which is up 0.1 percentage points from last month’s forecast. 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||1.03||1.28 %||Apr 20|
|Exchange Rate||29.47||0.07 %||Apr 20|
|Stock Market||11,779||0.37 %||Apr 20|
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Taiwan Economic News
April 23, 2018
Industrial output rebounded in March, expanding 3.1% in annual terms, which contrasted the revised 2.2% contraction recorded in February (previously recorded: -1.9% year-on-year). The breakdown of components reveals the upturn in March was driven by a rebound in manufacturing output, which accounts for more than nine-tenths of total industrial output.
April 11, 2018
Consumer prices fell 0.98% from the previous month in March, contrasting the 0.94% month-on-month increase recorded in February.
April 9, 2018
Merchandise exports grew a robust 16.7% year-on-year to an all-time high of USD 30.0 billion in March (February: USD 22.4 billion), resuming an 18-month export growth streak that had only been interrupted in February, when the Lunar New Year festivities caused shipments to dip slightly.
April 2, 2018
The pace of expansion in the manufacturing sector moderated in March.
March 26, 2018
Industrial output fell 1.9% in annual terms in February, markedly down from the revised 11.7% expansion registered in January (previously reported: +11.9% year-on-year).