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| Industry of Taiwan in Decline. |
Taiwan's industrial production index in June was 83.86, a year-on-year decrease of 16.63%, and the manufacturing production index was 83.03, a year-on-year decrease of 17.15%. Both of them have negative growth for 13 consecutive months. The statistics also announced that in the first half of this year, Taiwan's industrial production index and manufacturing production index both declined by about 18% year-on-year, both of which were the largest declines in the past 13 years. Experts on both sides of the Taiwan Strait pointed out that since the beginning of this year, Taiwan's economic data has been poor. Exports have experienced negative growth for 10 consecutive months. In addition, market demand has not recovered significantly. This year, Taiwan's production index may not be corrected.
Affected by weak demand, Taiwan's economic department announced on the 24th that the industrial and manufacturing production indexes in June decreased by 16.63% and 17.15% respectively, and the cumulative decline in the first half of the year was the largest decline in 13 years. It is estimated that the manufacturing index in July will still decrease year-on-year. However, it is expected that the trend of the index in the second half of the year is expected to improve quarter by quarter.
According to the announcement of the economic department, the industrial production index in June was 83.86, an annual decrease of 16.63%, and the manufacturing production index was 83.03, an annual decrease of 17.15%, both of which were negative growth for 13 consecutive months; the industrial and manufacturing production indices in the first half of the year decreased by 17.59% respectively % and 18.29%, both the largest declines in 13 years.
The main industries of manufacturing, electronic components industry, computer electronic products and optical products industry decreased by 22.4% and 11.09% respectively. Weak demand for consumer electronics products has depressed the performance of semiconductor production, which has also caused a decline in the production of computer and peripheral related equipment components, semiconductor testing equipment, etc., but the increase in demand for servers and wireless communication equipment has offset part of the decline.
Officials from the Statistics Department of the Taiwan authorities said that despite the poor performance of the overall production index, the inventory index in June was lower than the same period last year, indicating that inventory depletion has reached a certain stage. Some analysts pointed out that since the terminal market demand still has no obvious signs of recovery, it is estimated that the decline in the production index in July will only see a slight convergence, and the annual production index may be difficult to correct.
According to a report by Ta Kung Pao reporter Su Rongrong: Taiwanese businessman He Yicheng told Ta Kung Pao that Taiwan's export orders have been sluggish, hitting a new low in 13 years, and imports and exports have decreased by 29.9% and 23.4% year-on-year, and even the IT industry and semiconductor industry have not been spared. All down. Now that the summer is scorching, Taiwan has entered an "industrial winter". The reason is that the Sino-US trade and the technology war crowd out the effect.
Industry: Cross-Strait Economic Cooperation Promotes Taiwan's Economy
He Yicheng said that the economic prosperity in the post-epidemic era has not yet recovered. In addition, the conflict between Russia and Ukraine has exacerbated global inflation, and Western countries are competing to raise interest rates. If the Taiwan region wants to expand its export outlets, the only way to do so is to improve cross-strait relations and operate the mainland market.
According to the announcement of the economic department, the industrial production index in June was 83.86, an annual decrease of 16.63%, and the manufacturing production index was 83.03, an annual decrease of 17.15%, both of which were negative growth for 13 consecutive months; the industrial and manufacturing production indices in the first half of the year decreased by 17.59% respectively % and 18.29%, both the largest declines in 13 years.
The main industries of manufacturing, electronic components industry, computer electronic products and optical products industry decreased by 22.4% and 11.09% respectively. Weak demand for consumer electronics products has depressed the performance of semiconductor production, which has also caused a decline in the production of computer and peripheral related equipment components, semiconductor testing equipment, etc., but the increase in demand for servers and wireless communication equipment has offset part of the decline.
Officials from the Statistics Department of the Taiwan authorities said that despite the poor performance of the overall production index, the inventory index in June was lower than the same period last year, indicating that inventory depletion has reached a certain stage. Some analysts pointed out that since the terminal market demand still has no obvious signs of recovery, it is estimated that the decline in the production index in July will only see a slight convergence, and the annual production index may be difficult to correct.
According to a report by Ta Kung Pao reporter Su Rongrong: Taiwanese businessman He Yicheng told Ta Kung Pao that Taiwan's export orders have been sluggish, hitting a new low in 13 years, and imports and exports have decreased by 29.9% and 23.4% year-on-year, and even the IT industry and semiconductor industry have not been spared. All down. Now that the summer is scorching, Taiwan has entered an "industrial winter". The reason is that the Sino-US trade and the technology war crowd out the effect.
Industry: Cross-Strait Economic Cooperation Promotes Taiwan's Economy
He Yicheng said that the economic prosperity in the post-epidemic era has not yet recovered. In addition, the conflict between Russia and Ukraine has exacerbated global inflation, and Western countries are competing to raise interest rates. If the Taiwan region wants to expand its export outlets, the only way to do so is to improve cross-strait relations and operate the mainland market.
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| Economic welfare is in cross-strait cooperation. |
Mr. Liao, the relevant person in charge of an electronics foundry in Taipei, pointed out that the importance of the mainland market to the Taiwan market is unquestionable, and the products exported to the mainland on the island are almost the driving force behind Taiwan's economic growth. If the Tsai government does not re-examine and adjust the cross-strait policy, it will definitely lose this opportunity.
Think Tank Predicts That Taiwan's Economic Growth Rate Will Be Difficult To "Guaranteed 2"
According to a report from China News Agency: Taiwan Economic Research Institute issued an economic outlook on the 25th, lowering the forecast value of Taiwan’s economic growth rate this year to 1.66%, announcing that the “Guarantee 2” has failed, and warning that there are many uncertain factors in the second half of the year.
Taiwan's economic outlook is uncertain, and the monetary policy authorities of the authorities fired the "first shot" in late June, lowering the forecast for the annual economic growth rate to 1.72%. Since then, the forecasts of major think tanks have become more conservative. Taiwan's Chung Hwa Economic Research Institute recently revised down its economic growth forecast to 1.6%. The latest outlook released by the Taiwan Institute of Economic Research on the 25th revised down the forecast value to 1.66%, a sharp decrease of 0.65 percentage points from the previous forecast.
Taiwan’s Institute of Economics pointed out that in the first half of the year, Taiwan’s economic growth was not as good as expected. Data such as exports, export orders, manufacturers’ imported capital equipment, and manufacturing production index all showed double-digit declines, and private investment also tended to be cautious.
The agency stated that this year's economic climate will continue to be "warm inside and cold outside", and Taiwan's economy is expected to improve quarter by quarter. However, in the face of multiple uncertainties, we still cannot take it lightly. Especially in terms of prices, affected by uncertain factors such as the fixed prices of services, international geopolitical risks, and climate change, the decline in the consumer price index is limited, and inflation may make a comeback.
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