TAIPEI (TVBS News) — The National Development Council (NDC, 國發會) on Wednesday (Nov. 27) announced that Taiwan's October economic indicator remained at the yellow-red light, suggesting that "attention should be paid to whether there are following economic turns."
The NDC noted that while domestic growth persists, uncertainties in global trade policies and geopolitical tensions, particularly with the new U.S. president's economic strategies, require close monitoring for potential impacts on Taiwan's economy.
The council reported that industrial production shifted to a yellow-red light due to weak demand in the steel and chemical markets, production line adjustments, and typhoon disruptions. Meanwhile, the manufacturing sales index turned green, and the leading indicator, revised retroactively, declined for three consecutive months.
Investment momentum remains strong, driven by Taiwan's semiconductor companies expanding advanced manufacturing processes, the return of the technology supply chain, and international firms establishing R&D or data centers in Taiwan. The council highlighted that businesses are accelerating the adoption of low-carbon and smart technologies, further boosting investment potential.
Looking ahead, the council mentioned that international organizations like the IMF expect global trade growth to improve next year compared to this year. The council noted that emerging technologies such as AI and high-performance computing continue to advance, suggesting a sustained recovery in end-user demand and a positive outlook for export growth.
