Taiwan Leading Index Rises Further In August

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Taiwan leading index increased to a seasonally adjusted 100 in August from 98.2 in July, the Council for Economic Planning and Development or CEPD said on Monday.

The annualized six month rate of change climbed by 4.4 points to 18.1%.

The increase in leading index was mainly due to the positive cyclical movements in average monthly overtime in industry and services, the index of export orders, producer's inventory, real monetary aggregates M1B, building permits, and stock price index, the CEPD said.

In August, the coincident index increased to 92.5 from 92 in July. The trend adjusted index rose by 1% to 97.3.

Meanwhile, monitoring index stood at 18 in August, unchanged from the previous month.

Taiwan leading index increased to a seasonally adjusted 100 in August from 98.2 in July, the Council for Economic Planning and Development or CEPD said on Monday. (Market News Provided by RTTNews)