Taiwan IP growth likely slowed, jobless rate edged higher in February
Taiwan is scheduled to release February industrial production (IP) and unemployment data on 23 March. Standard Chartered notes... We expect IP growth to have slowed to 2.6% y/y in February, from 8.1% in January, owing to…
Taiwan is scheduled to release February industrial production (IP) and unemployment data on 23 March.
Standard Chartered notes...
We expect IP growth to have slowed to 2.6% y/y in February, from 8.1% in January, owing to fewer working days in February 2015 due to the Lunar New Year holiday.
We remain upbeat on the 2015 outlook, as recent data shows that growth recovery is spreading from tech exports to the wider economy.
This should boost producer confidence, capital expenditure and hiring.
We therefore expect the seasonally adjusted unemployment rate to stay below 4% in 2015, although it likely edged higher in February to 3.80%, from 3.78% in January.
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