Tel : 886-2-2380-3449

The CPI in September 2016 was 105.46 (2011=100) which increased 0.45% from the preceding month and went up 0.33% compared with the same month of 2015. The WPI was 83.88 (2011=100) which increased 0.04% from the preceding month and moved down 3.95% compared with the same month of 2015.

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 2016 was 11,290,000, which increased by 15,000(+0.13%) and 60,000 (+0.53%) from the previous month and that of the previous year, respectively.

The unemployment rate rose by 0.06 percentage points to 4.08 percent in August 2016; however, the seasonally adjusted unemployment rate slightly decreased by 0.01 percentage points to 3.95 percent. The number of unemployed persons was 480,000 in August 2016, which increased by 8,000(+1.75%) and 24,000(+5.31%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.93 percent in August 2016, which increased by 0.09 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 2016, the total nonagricultural payroll employees, at 7,465 thousand, increased by 36 thousand (or 0.48%) from last month. In comparison with July 2015, payroll employees increased by 53 thousand (or 0.71%). The average payroll employees since January 2016 was 7,428 thousand, increased by 66 thousand (or 0.89%) than the same period of last year.

ii. The average monthly regular earnings per employee within the industry and service sector in July 2016 was NT$39,189. Comparing with last month and a year ago, there were 0.10% increasing and 0.82% increasing respectively. Comparing the same period of January to July over last year, the average monthly regular earnings of NT$39,118 was increased by 1.36%.

iii. The average monthly earnings (including regular and irregular earnings) in July 2016 was NT$46,911, increased by 4.25% from last month and decreased by 0.11% from last July. The average monthly earnings since January was NT$51,429, reduced by 0.06% than the same period of last year.

iv. The average monthly working hour for industry and service sector in July 2016 totaled to 170.0 hours, which decreased by 2.1 hours from last month and decreased by 17.0 hours from last year. The average working-hour since January 2016 was 167.7 hours, 5.0 hours less than the same period of last year.

Tel : 886-2-2380-3449

The CPI in August 2016 was 104.99 (2011=100) which decreased 0.03% from the preceding month and went up 0.57% compared with the same month of 2015. The WPI was 83.78 (2011=100) which decreased 1.17% from the preceding month and moved down 4.10% compared with the same month of 2015.

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

At the end of June 2016, the total nonagricultural payroll employees, at 7,429 thousand, increased by 6 thousand (or 0.08%) from last month. In comparison with June 2015, payroll employees increased by 60 thousand (or 0.82%). The average payroll employees since January 2016 was 7,422 thousand, increased by 68 thousand (or 0.92%) than the same period of last year. The average monthly working hour for industry and service sector in June 2016 totaled to 172.1 hours, which decreased by 3.8 hours from last month and decreased by 5.2 hours from last year. The average working-hour since January 2016 was 167.2 hours, 3.1 hours less than the same period of last year. The average monthly regular earnings per employee within the industry and service sector in June 2016 were NT$39,151. Comparing with last month and a year ago, there were 0.28% decreasing and 0.82% increasing respectively. The average monthly earnings (including regular and irregular earnings) in June was NT$44,998, decreased by 1.81% from last month and increased by 0.94% from last June. Comparing the same period of January to June over last year, the average monthly regular earnings of NT$39,106 was increased by 1.45%. And the average monthly earnings was NT$52,186, reduced by 0.06%. The salaried-workers/supervisory staffs was NT$70,808 and the wage-earners/nonsupervisory staffs was NT$41,207.

]]>Tel：886-2-2380-3600

Total employment in July 2016 was 11,275,000, which increased by 24,000(+0.21%) and 64,000 (+0.57%) from the previous month and that of the previous year, respectively.

The unemployment rate rose by 0.10 percentage points to 4.02 percent in July 2016; however, the seasonally adjusted unemployment rate remained the same at 3.96 percent. The number of unemployed persons was 472,000 in July 2016, which increased by 13,000(+2.77%) and 27,000(+5.98%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.84 percent in July 2016, which increased by 0.16 and 0.10 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)

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

**August 19, 2016 According to the latest revised estimation, Taiwan's real gross domestic product (GDP) decreased by 0.29% in 2016Q1, compared to the same quarter of the previous year (yoy), and the latest preliminary estimation of real GDP grew by 0.70% (yoy) in Q2. The GDP is predicted to grow 1.22% and 1.88% in 2016 and 2017, respectively.**

**Preliminary Estimation of real GDP in 2016Q2**

The real GDP increased by 0.23% on a quarter-on-quarter, seasonally-adjusted annualized basis(saar), and grew by 0.70% on a year-on-year basis(yoy) in 2016Q2, 0.01 percentage point higher than the advanced estimate.

Meanwhile, the economic growth rate of 2016Q1 has been revised to -0.29% (formerly -0.68%).

On the demand side, real private final consumption grew by 1.23% (yoy) in 2016Q2, mainly reflecting the increase of consumption on transport, clothing-and-footwear and insurance, that were partly offset by the decrease of consumption on food and beverages.

Real gross capital formation contracted by 3.10% (yoy), primarily due to declines in both transport equipments and construction investments, offsetting an increase in machinery and equipment expenditure.

Real exports of goods and services grew by 0.63% (yoy), a reversal from the 4.04% contraction in the previous quarter. Growth was mainly driven by the foreign demand for electronic components. Imports also increased by 0.21% (yoy).

On the production side, the agriculture sector decreased by 8.71% (yoy) in 2016Q2, following the 11.74% contraction in the previous quarter, due to abnormal weather conditions.

The manufacturing sector decreased by 0.03%(yoy) in 2016Q2, compared to the 3.20% decline in the previous quarter, mainly due to output expansion of semiconductor, computer equipment and basic metal products.

The finance and insurance sector increased by 1.34% in 2016Q2, following the growth of 3.24% in the previous quarter.

**Forecast for 2016**

The global economic outlook has softened, mainly dragged by the advanced economy's weaker outlook. The further slowdown in the growth of China and global financial turmoil weigh on world economic prospects. Moreover, the aftermath of Brexit (the United Kingdom exit from The European Union) referendum implied a substantial increase in uncertainty which is projected to have negative macroeconomic consequences.

With a subdued outlook for the world economy and China's import substitution strategy, Taiwan's export momentum is restrained, real exports of goods and services is projected to grow by 1.45%.

Real private final consumption is projected to grow 1.59% at a modest path, reflecting Taiwan's sluggish economy and low wage growth.

Real private gross fixed capital formation is expected to grow 1.15%, supported by semiconductor manufacturers’ investment on machinery and equipment for developing advanced process. Yet, the declining housing market restrains construction investment expenditure.

For the whole year, taking into account the above factors and following that real GDP growth rate (yoy) was upwardly revised to 0.21% (formerly was expected -0.09%) in the first half year, real GDP will grow by 1.22% in 2016 and has been revised upward 0.16 percentage point.

Consumer price Indices (CPI) will increase by 1.12% in 2016 and has been revised upward 0.03 percentage point, because the damage of extreme weather and the influence of typhoon brought high prices of vegetables and fruits.

**Outlook for 2017**

The world economy is anticipated to improve gradually in 2017, which will sustain Taiwan's export growth. Combining the contribution from domestic sector, real GDP will grow by 1.88% in 2017. CPI will gently rise by 0.78%.

**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 2016 was 105.02 (2011=100) which increased 0.22% from the preceding month and went up 1.23% compared with the same month of 2015. The WPI was 84.87 (2011=100) which decreased 0.57% from the preceding month and moved down 2.41% compared with the same month of 2015.

Full text : (PDF)

【Attachment】

Table1 The Changes of Consumer Price Indices (EXCEL)(ODF)

Table2 The Changes of Wholesale Price Indices (EXCEL) (ODF)

Table3 The Changes of Import Price Indices (EXCEL) (ODF)

Table4 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

**The real gross domestic product (GDP) increased by 0.15% on a quarter-on-quarter seasonally-adjusted annualized basis(saar) in 2016Q2, and the year-on-year basis(yoy) growth rate of unadjusted GDP was 0.69%, according to the advance estimate by DGBAS.**

**Full text and tables (PDF)**

Tel：886-2-2380-3600

Total employment in June 2016 was 11,251,000, which increased by 4,000(+0.04%) and 66,000 (+0.59%) from the previous month and that of the previous year, respectively.

The unemployment rate rose by 0.08 percentage points to 3.92 percent in June 2016; however, the seasonally adjusted unemployment rate remained the same at 3.96 percent. The number of unemployed persons was 459,000 in June 2016, which increased by 10,000(+2.33%) and 28,000(+6.48%) from the previous month and that of the previous year, respectively.

Labor force participation rate was 58.68 percent in June 2016, which increased by 0.05 and 0.11 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)