Country Report Taiwan May 2011

Data and charts: Quarterly data

	2009				2010
	1 Qtr	2 Qtr	3 Qtr	4 Qtr	1 Qtr	2 Qtr	3 Qtr	4 Qtr
Output
GDP at 2006 prices (NT$ bn)	2,915	3,067	3,285	3,552	3,311	3,461	3,636	3,798
GDP at 2006 prices (% change, year on year)	-8.6	-7.2	-1.2	9.2	13.6	12.9	10.7	6.9
Industrial production index (2001=100)	74.7	96.1	106.9	111.5	111.1	124.7	127.0	131.2
Industrial production (% change, year on year)	-31.5	-16.1	-4.6	27.0	48.8	29.7	18.8	17.7
Manufacturing (% change, year on year)	-32.4	-16.3	-4.5	29.3	52.3	31.9	20.0	18.4
Food & beverages (% change, year on year)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Machinery & equipment (% change, year on year)	-43.7	-44.7	-29.4	-3.1	49.3	80.1	61.3	55.3
Employment, wages and prices
Employment ('000)	10,249	10,237	10,274	10,354	10,382	10,452	10,546	10,593
Employment (% change, year on year)	-1.2	-1.6	-1.5	-0.4	1.3	2.1	2.7	2.3
Unemployment rate (% of labour force)	5.6	5.8	6.1	5.9	5.7	5.2	5.2	4.8
Average nominal monthly wages (NT$)a	44,637	36,014	37,467	38,354	51,835	38,732	39,968	39,466
Average monthly wages (% change, year on year)a	-18.4	-8.7	-7.9	2.2	16.1	7.5	6.7	2.9
Consumer prices (2001=100)	103.4	104.0	105.3	105.2	104.7	105.1	105.7	106.3
Consumer prices (% change, year on year)	0.0	-0.8	-1.3	-1.3	1.3	1.1	0.4	1.1
Wholesale prices (2001=100)	99.9	100.0	103.9	104.9	106.5	108.5	108.2	107.9
Wholesale prices (% change, year on year)	-9.8	-12.8	-11.5	0.0	6.6	8.5	4.1	2.8
Financial indicators
Exchange rate NT$:US$ (av)	34.0	33.1	32.8	32.3	32.0	31.9	32.0	30.7
Exchange rate NT$:US$ (end-period)	33.9	32.8	32.2	32.0	31.8	32.3	31.3	30.4
M1 (end-period; NT$ bn)	8,844	9,433	9,833	10,512	10,527	10,645	10,992	11,457
M1 (% change, year on year)	7.3	17.9	22.3	28.9	19.0	12.8	11.8	9.0
M2 (end-period; NT$ bn)	28,546	28,740	28,894	29,463	29,697	29,887	30,258	31,036
M2 (% change, year on year)	6.6	8.2	7.6	5.7	4.0	4.0	4.7	5.3
TSE weighted stockmarket index (end-period; Jun 30th 1966=100)	5,211	6,432	7,509	8,188	7,920	7,329	8,238	8,973
TSE weighted stockmarket index (% change, year on year)	-39.2	-14.5	31.3	78.3	52.0	13.9	9.7	9.6
Foreign trade (US$ m)
Exports fob	38,375	45,629	52,667	57,134	58,863	67,049	66,977	68,665
Imports cif	31,657	40,681	48,596	52,611	56,697	62,705	63,956	67,186
Trade balance	6,719	4,948	4,071	4,523	2,166	4,344	3,022	1,478
Foreign payments (US$ m)
Merchandise trade balance	9,167	7,496	6,786	7,107	6,051	n/a	n/a	n/a
Services balance	312	542	-295	646	-267	n/a	n/a	n/a
Income balance	3,900	2,748	2,088	3,776	4,874	n/a	n/a	n/a
Net transfer payments	-248	-501	-533	-80	-351	11,148	9,060	10,102
Current-account balance	13,131	10,285	8,046	11,449	10,307	11,148	9,060	10,102
Reserves excl gold (end-period)	300,122	317,564	332,239	348,198	355,035	362,378	380,505	382,005
a Manufacturing.
Sources: Council for Economic Planning and Development, Industry of Free China; Central Bank of China, Financial Statistics; National Statistics of Taiwan, Monthly Bulletin of Statistics; Directorate-General of Budget, Accounting and Statistics.

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