Tel : 886-2-2380-3449

The CPI in September 2017 was 105.99 (2011=100) which stayed unchanged from August, and rose 0.50% compared with the same month of 2016. The WPI was 85.39 (2011=100) which increased 0.65% from the preceding month, and rose 1.62% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 The Changes of Export Price Indices (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in August 2017 was 11,377,000, which increased by 17,000(+0.15%) from the previous month; moreover, it also increased by 87,000(+0.77%) from that of the previous year.

The unemployment rate increased by 0.05 percentage points to 3.89 percent in August 2017, but the seasonally adjusted unemployment rate decreased by 0.02 percentage points to 3.76 percent. The number of unemployed persons was 461,000 in August 2017, which increased by 7,000(1.54%), but decreased by 19,000(-4.05%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 59.01 percent in August 2017, which increased by 0.10 and 0.08 percentage points from the previous month and that of the previous year, respectively.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)

Tel：886-2-2380-3625

i. At the end of July, the total payroll employees was 7,586 thousand, increased by 46 thousand or 0.62% from last month. Comparing with the same month of last year, it increased 122 thousand or 1.64%. The average payroll employees since January was 7,524 thousand, increased 96 thousand or 1.30%.

ii. The average total earnings (including regular and irregular earnings) in July was NT$48,429, 8.23% more than last month and 3.22% more than last July.

iii. The average regular earnings was NT$ 39,876 in July, 0.03% more than last month and 1.71% more than last July. The average regular earnings since January 2017 was NT$39,754, 1.62% more than the same period of last year.

iv. The average working hour in July was 170.9 hours, 11.7 hours less than last month and 0.8 hours more than last July. The average working hours since January 2017 was 166.1 hours, reduced by 1.6 hours than the same period of last year.

v. The average overtime since January 2017 was 8.0 hours, 0.2 hours less than the same period of last year. The average overtime pay since January 2017 was NT$1,696, 7.41% more than the same period of last year.

Tel : 886-2-2380-3449

The CPI in August 2017 was 105.99 (2011=100) which increased 0.15% from the preceding month, and rose 0.96% compared with the same month of 2016. The WPI was 84.75 (2011=100) which increased 0.68% from the preceding month, and rose 1.03% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 The Changes of Export Price Indices (EXCEL) (ODF)

Tel：886-2-2380-3600

Total employment in July 2017 was 11,360,000, which increased by 23,000(+0.20%) from the previous month; moreover, it also increased by 85,000(+0.75%) from that of the previous year.

The unemployment rate increased by 0.10 percentage points to 3.84 percent in July 2017, however, the seasonally adjusted unemployment rate remained the same at 3.78 percent. The number of unemployed persons was 454,000 in July 2017, which increased by 14,000(3.12%), but decreased by 18,000(-3.85%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.91 percent in July 2017, which increased by 0.16 and 0.07 percentage points from the previous month and that of the previous year, respectively.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)

Tel：886-2-2380-3625

i. At the end of June, the total payroll employees was 7,540 thousand, increased by 15 thousand or 0.19% from last month. Comparing with the same month of last year, it increased 111 thousand or 1.49%. The average payroll employees since January was 7,514 thousand, increased 92 thousand or 1.24%.

ii. The average total earnings (including regular and irregular earnings) in June was NT$44,746, 8.40% less than last month and 0.56% less than last June.

iii. The average regular earnings was NT$ 39,866 in June, 0.04% less than last month and 1.83% more than last June. The average regular earnings since January 2017 was NT$39,733, 1.60% more than the same period of last year.

iv. The average working hour in June was 182.6 hours, 14.6 hours more than last month and 10.5 hours less than last June. The average working hours since January 2017 was 165.3 hours, reduced by 1.9 hours than the same period of last year.

v. The average overtime since January 2017 was 8.0 hours, 0.1 hours less than the same period of last year. The average overtime pay since January 2017 was NT$1,699, 8.22% more than the same period of last year.

Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)

Tel : 886-2-2380-3487

Tel : 886-2-2380-3487

**According to the preliminary estimate, Taiwan's real gross domestic product (GDP) increased by 2.13% in 2017Q2, compared to the same period of the previous year (yoy), and the revised estimate of real GDP grew by 2.66% (yoy) in Q1. The real GDP is predicted to grow 2.11% and 2.27% in 2017 and 2018, respectively.**

**Preliminary Estimate of Real GDP in 2017Q2**

In 2017Q2, the real GDP increased 0.47%, compared with the previous quarter on seasonally-adjusted annualized basis(saar), and grew by 2.13% on a year-on-year basis(yoy), 0.03 percentage point higher than the advance estimate.

Meanwhile, the economic growth rate of 2017Q1 has been revised to 2.66% (formerly 2.60%).

On the demand side, real private final consumption grew by 2.05%(yoy) in 2017Q2, mainly reflected the increase of consumption on financial transactions and foreign travels.

Real gross capital formation expanded by 0.17%(yoy), a pullback from 8.13% in the previous quarter, mainly due to the sharp decline in machinery and transport equipment investment.

Meanwhile, real exports of goods and services grew by 4.97%(yoy), mainly driven by the foreign demand for parts of electronic product, basic metals and machinery. Imports also increased by 4.37%(yoy).

On the production side, the manufacturing sector grew by 3.81%(yoy) in 2017Q2, following the 6.82% increase in the previous quarter, mainly due to the surge in output of semiconductor and machinery-and-equipment.

The wholesale & retail trade sector and the transportation & storage sector increased by 2.95% and 3.18%(both yoy) respectively, after the expansion of 3.58% and 7.02% growth in the previous quarter.

**Forecast for 2017**

The global economy is expected to pickup modestly, supported by the sustained recovery both in the advanced economies and emerging markets. However, the pace of monetary policy normalizing in major countries and geopolitical conflict issues will likely add downside risks for the world economy.

Benefiting from the recovering global demand, particularly demand for electronic products and new technological applications, such as internet of things (IOT), automotive electronics, and artificial intelligence, are expected to support the momentum of Taiwan's goods exports. It's projected that the real exports of goods and services will grow by 4.02% in 2017.

Real private fixed capital formation is expected to grow by 2.13%, attributing to the continuing investment of semiconductor manufacturing and government's promotions on business investments and innovations.

Real private consumption, supported by the accelerated economic growth, improving labor market and the vibrant stock market performances, might be dampened by the weaken real wage growth. It is expected to grow by 1.89%.

For the whole 2017, the projected economic growth is 2.11%, 0.06 percentage point higher than the previous forecast released in May. And CPI for 2017 is expected to increase 0.66%, lower by 0.29 percentage point, mainly reflecting the moderated global crude oil prices and stable weather.

**Outlook for 2018**

The world economy is expected to continue growing at a modest pace for 2018, which helps to sustain Taiwan's export growth. Combining the contribution from domestic sector, real GDP will grow by 2.27% in 2018. CPI will gently rise by 0.87%.

**Full text and tables (PDF)**

**【Attachment】**

- Table 1-1 Gross Domestic Product and Economic Growth Rate (EXCEL) (ODF)
- Table 1-2 GDP、GNI and NI (EXCEL) (ODF)
- Table 2 Changes in Prices (EXCEL) (ODF)
- Table 3-1 Expenditures on Gross Domestic Product : At Current Prices (EXCEL) (ODF)
- Table 3-2 Expenditures on Gross Domestic Product : Composition at Current Prices (EXCEL) (ODF)
- Table 3-3 Expenditures on Gross Domestic Product : Growth Rates In Chained Volume Indexes(yoy) (EXCEL) (ODF)
- Table 3-4 Expenditures on Gross Domestic Product : Contributions to Economic Growth Rate(yoy) (EXCEL) (ODF)
- Table 4-1 Gross Domestic Product by Kind of Activity : At Current Prices (EXCEL) (ODF)
- Table 4-2 Gross Domestic Product by Kind of Activity : Composition at Current Prices (EXCEL) (ODF)
- Table 4-3 Gross Domestic Product by Kind of Activity : Growth Rates In Chained Volume Indexes(yoy) (EXCEL) (ODF)
- Table 4-4 Gross Domestic Product by Kind of Activity : Contributions to Economic Growth Rate (EXCEL) (ODF)
- Table 5 Gross National Savings and Gross Domestic Investment (EXCEL) (ODF)
- Table 6 Exports and Imports (EXCEL) (ODF)
- Table 7-1 Expenditures on GDP, Seasonally Adjusted : Chained dollars (Reference year = 2011) (EXCEL) (ODF)
- Table 7-2 Expenditures on GDP, Seasonally Adjusted : Growth Rates (EXCEL) (ODF)
- Table 8 Indicators for Private Final Consumption Expenditure (EXCEL) (ODF)
- Table 9 Indicators for Private Gross Fixed Capital Formation (EXCEL) (ODF)
- Table 10 Economic Growth Rates of Major Countries (EXCEL) (ODF)
- Table 11 The Changes of Consumer Price Indices for Major Countries (EXCEL) (ODF)
- Table 12 Summary of Earning and Productivity Statistics in Taiwan Area (EXCEL) (ODF)
- Table 13 Major Figures of Family Income and Expenditure (1/2) (EXCEL) (ODF)
- Table 13 Major Figures of Family Income and Expenditure (2/2) (EXCEL) (ODF)
- Table 14 The Change of Disposable Income per Household Occurred by Current Transfers between Households and Government (EXCEL) (ODF)
- Table 15 Household Income Distribution of Major Countries(Area) (EXCEL) (ODF)
- Table 16 Household Facilities and Housing in Taiwan Area (EXCEL) (ODF)
- Table 17 Government Social Transfers In Kind Effect on Income Distribution, by Income Quintile (EXCEL) (ODF)

Tel : 886-2-2380-3449

The CPI in July 2017 was 105.83 (2011=100) which increased 0.01% from the preceding month, and rose 0.77% compared with the same month of 2016. The WPI was 84.19 (2011=100) which increased 0.44% from the preceding month, but fell 0.73% compared with the same month of 2016.

Full text : (PDF)

【Attachment】

Table 1 The Changes of Consumer Price Indices (EXCEL) (ODF)

Table 2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table 3 The Changes of Import Price Indices (EXCEL) (ODF)

Table 4 The Changes of Export Price Indices (EXCEL) (ODF)

Contact Information : Economic Forecast Section, Department of Statistics, Directorate General of Budget, Accounting & Statistics (DGBAS)

Tel : 886-2-2380-3504

Tel : 886-2-2380-3504

**Based on the advance estimate by DGBAS, the real gross domestic product (GDP) grew by 0.59% on a quarter-on-quarter seasonally-adjusted annualized basis (saar) and 2.10% on a year-on-year basis (yoy) in 2017Q2.**

**Full text and tables (PDF)**

Tel：886-2-2380-3600

Total employment in June 2017 was 11,337,000, which increased by 6,000(+0.05%) from the previous month; moreover, it also increased by 86,000(+0.76%) from that of the previous year.

The unemployment rate increased by 0.08 percentage points to 3.74 percent in June 2017, but the seasonally adjusted unemployment rate decreased by 0.01 percentage points to 3.78 percent. The number of unemployed persons was 440,000 in June 2017, which increased by 9,000(2.09%), but decreased by 19,000(-4.18%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.75 percent in June 2017, which increased by 0.05 and 0.07 percentage points from the previous month and that of the previous year, respectively.

- Table 1. Important Indicators Based on Manpower Survey Results (EXCEL) (ODS)
- Table 2. Important Results of Manpower Survey in Seasonally Adjusted Series (EXCEL) (ODS)
- Table 3. Labor Force Participation Rate by Educational Attainment (EXCEL) (ODS)
- Table 4. Labor Force Participation Rate by Age (EXCEL) (ODS)
- Table 5. Employed Persons by Industry (EXCEL) (ODS)
- Table 6. Employed Persons by Occupation (EXCEL) (ODS)
- Table 7. Employed Persons by Class of Worker (EXCEL) (ODS)
- Table 8. Unemployed Persons, by Reason Why in Unemployment (EXCEL) (ODS)
- Table 9. Unemployment Rate by Educational Attainment (EXCEL) (ODS)
- Table10. Unemployment Rate by age (EXCEL) (ODS)
- Table11. Persons Not in the Labor Force by Reason Why Not (EXCEL) (ODS)