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ICD What's New

Business climate monitor for November indicates steady growth
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2019-12-31 13:42
The Taiwan government's business climate monitor flashed "green" for November 2019, indicating steady growth, following 10 consecutive months of "yellow-blue," which suggests a slowdown.

The overall reading rose 5 points to 24 to signal green – for the first time in 14 months -- indicating that the economy is coming out of the doldrums.

"The improvement came as Sino-U.S. trade tensions subsided and international technology brands are rolling out 5G services, at a faster pace than expected," a National Development Council official told a press briefing Dec. 27.

The NDC uses a five-level system to describe the state of Taiwan's economy, with "green" representing stable growth, "red" indicating overheating, and "blue" signaling a recession, while combined colors indicate a transition between these states.

Exports, industrial output, imports of machinery equipment and share prices posted positive cyclical signals, the NDC official said, adding that supply-chain realignment and order transfers also lent support.

"The recovery is not broad-based and should be described as such," he explained, adding that GDP growth in mainland China and the United States is expected to slow next year, which would have a negative impact of Taiwan exports.

The council also said that imports of semiconductor equipment, export orders, share prices and job market accession rates rose, while new construction and monetary gauge of cash and cash equivalents retreated.

Meanwhile, private investment is expected to remain strong, supported by the realization of investment pledges by companies shifting back to Taiwan from mainland China to avoid trade frictions between the U.S. and China, according to the official.

Sources: National Development Council Website, Taipei Times

Update: 2019-06-17
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