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)

Tel：886-2-2380-3625

i.At the end of May, the total payroll employees was 7,525 thousand, increased by 8 thousand or 0.12% from last month. Comparing with the same month of last year, it increased 102 thousand or 1.38%. The average payroll employees since January was 7,509 thousand, increased 89 thousand or 1.19%.

ii.The average total earnings (including regular and irregular earnings) in May was NT$48,848, 10.12% more than last month and 6.59% more than last May.

iii.The average regular earnings was NT$ 39,883 in May, 0.14% more than last month and 1.59% more than last May. The average regular earnings since January 2017 was NT$39,707, 1.56% more than the same period of last year.

iv.The average working hour in May was 168.0 hours, 14.1 hours more than last month and 7.9 hours less than last May. The average working hours since January 2017 was 161.8 hours, reduced by 4.5 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$1,701, 8.55% more than the same period of last year.

Tel : 886-2-2380-3449

The CPI in June 2017 was 105.83 (2011=100) which increased 0.76% from the preceding month, and rose 1.00% compared with the same month of 2016. The WPI was 83.90 (2011=100) which decreased 0.12% from the preceding month, and fell 1.68% 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：886-2-2380-3625

i. At the end of April, the total payroll employees was 7,517 thousand, increased by 8 thousand or 0.10% from last month. Comparing with the same month of last year, it increased 99 thousand or 1.33%. The average payroll employees since January was 7,505 thousand, increased 85 thousand or 1.15%.

ii. The average total earnings (including regular and irregular earnings) in April was NT$44,359, 0.49% more than last month and 1.83% more than last April.

iii. The average regular earnings was NT$ 39,826 in April, 0.11% more than last month and 1.49% more than last April. The average regular earnings since January 2017 was NT$39,662, 1.55% more than the same period of last year.

iv. The average working hour in April was 153.9 hours, 31.2 hours less than last month and 8.4 hours less than last April. The average working hours since January 2017 was 160.3 hours, reduced by 3.5 hours than the same period of last year.

v. The average overtime since January 2017 was 8.0 hours, same as the same period of last year. The average overtime pay since January 2017 was NT$1,693, 9.01% more than the same period of last year.

Tel：886-2-2380-3600

Total employment in May 2017 was 11,331,000, which increased by 6,000(+0.05%) from the previous month; moreover, it also increased by 84,000 (+0.75%) from that of the previous year.

The unemployment rate dropped by 0.01 percentage points to 3.66 percent in May 2017, moreover, the seasonally adjusted unemployment rate increased by 0.01 percentage points to 3.79 percent. The number of unemployed persons was 431,000 in May 2017, which decreased by 1,000(-0.23%) and 18,000(-3.96%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.70 percent in May 2017, which remained the same as that of the previous month; it increased 0.07 percentage points from that of the previous year.

- 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 : 886-2-2380-3449

The CPI in May 2017 was 105.03 (2011=100) which increased 0.10% from the preceding month, and increased 0.59% compared with the same month of 2016. The WPI was 84.12 (2011=100) which decreased 1.20% from the preceding month, and decreased 1.12% 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 : 886-2-2380-3487

Tel : 886-2-2380-3487

**May 26, 2017 Taiwan's economic growth rates in the fourth quarter and the whole year of 2016 were revised to 2.79%(yoy) and 1.48%, respectively. For 2017, the latest preliminary estimate of real GDP grew by 2.60% corresponding to the previous year in Q1. In 2017, it is expected to grow by 2.05%.**

**Preliminary Estimate of Real GDP in 2017Q1**

The real GDP increased by 3.82% on a quarter-on-quarter, seasonally-adjusted annualized basis(saar), and grew by 2.60% on a year-on-year basis(yoy) in 2017Q1, 0.04 percentage point higher than the advance estimate.

Meanwhile, the economic growth rates have been revised to 2.79% and 1.48% for the fourth quarter and whole year of 2016(formerly 2.88% and 1.50%).

On the demand side, real private final consumption grew by 1.95%(yoy) in 2017Q1, mainly reflecting the increase of consumption on transport, communication and miscellaneous-goods-and-services.

Real gross capital formation expanded by 7.68%(yoy), following the 6.73% growth in the previous quarter, mainly due to an increase in machinery and equipment investment.

Meanwhile, real exports of goods and services grew by 7.36%(yoy), which was mainly driven by the foreign demand for parts of electronic products. Imports also increased by 7.67%(yoy).

On the production side, the manufacturing sector grew by 6.70%(yoy) in 2017Q1, following the 6.15% growth in the previous quarter, mainly due to the output expansion of semiconductor and machinery-and -equipment.

The wholesale & retail trade sector and the finance & insurance sector increased by 3.58% (yoy) and 3.71% respectively, faster than the 3.36% and 0.65% growth in the previous quarter.

**Outlook for 2017**

The outlooks of global economy and world trade are both improving. Moreover, the competitive advantages of Taiwan's semiconductor manufacturing and the increasing demand of new technological applications, such as IOT, automotive electronics, and artificial intelligence are expected to support the expansion of Taiwan's goods exports. It’s projected that the real exports of goods and services will grow by 3.95%.

Real private fixed capital formation is expected to grow by 1.95%, supported by the continuing investment of semiconductor manufacturing, government’s encouragement policies on business investments and innovations, and the improvement of sluggish housing market.

Real private consumption is expected to grow by 1.84%, supported by the accelerated economic growth, and improving stock market and labor market, but dampened by the slow real wage growth.

For 2017, the economic growth forecast, 2.05%, is 0.13 percentage point higher than the previous forecast announced in Feb. And CPI for 2017 is expected to increase 0.95%, lower by 0.13 percentage point than the expectation in Feb, mainly reflecting the falling food prices.

**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)

Tel：886-2-2380-3600

Total employment in April 2017 was 11,325,000, which increased by 12,000(+0.11%) from the previous month; moreover, it also increased by 83,000 (+0.74%) from that of the previous year.

The unemployment rate dropped by 0.11 percentage points to 3.67 percent in April 2017, moreover, the seasonally adjusted unemployment rate also dropped by 0.06 percentage points to 3.78 percent. The number of unemployed persons was 432,000 in April 2017, which decreased by 13,000(-2.92%) and 19,000(-4.22%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.70 percent in April 2017, which decreased by 0.03 but increased by 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)