Taiwan Economic Outlook
November 14, 2017The economy roared through the third quarter on the back of a stellar performance in the external sector. Strong global economic growth and a cyclical upswing in electronics exports supported shipments overseas throughout the quarter, with the external sector recording its largest contribution to growth in over five years. Conversely, the domestic sector dragged on growth as gross capital formation growth plunged and households failed to respond to stronger real wages and a buoyant equity market. Looking to Q4, leading data points to another solid outturn. Consumer sentiment hit a fresh two-year high in October because of a healthy labor market, while business confidence logged its best result since late 2015, reflecting positive underlying trends in the external and manufacturing sectors.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.01||1.28 %||Nov 03|
|Exchange Rate||30.18||0.07 %||Nov 03|
|Stock Market||11,819||0.37 %||Nov 03|
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Taiwan Economic Growth
November 14, 2017The government’s loosened fiscal stance, which includes the implementation of the country’s Forward-Looking Infrastructure Plan and higher public-sector wages, is expected to shore up fixed investment and government consumption next year. Conversely, exports are expected to turn slightly less supportive of GDP growth due to a strong base effect and maturing economic cycles across several advanced economies. Met the why particular panelists forecast growth of 2.3% next year, which is up 0.1 percentage points from last month’s estimate. GDP growth is seen at 2.2% in 2019.
Taiwan Economic News
November 7, 2017
Merchandise exports rose 3.0% on an annual basis in October to a total of USD 27.5 billion.
November 7, 2017
Consumer prices rose 0.62% over the previous month in October, following a flat result in September.
November 1, 2017
Activity in the manufacturing sector expanded for a 17th consecutive month in October, albeit at the weakest pace since June.
October 31, 2017
A preliminary estimate showed that the Taiwanese economy accelerated markedly in the third quarter, buttressed by a well-performing external sector.
October 23, 2017
Industrial output grew 5.2% in year-on-year terms in September, which marked an improvement over the revised 3.3% expansion recorded in August (previously reported: +3.2% year-on-year) and the highest print in seven months.