[Jiangsu News Network Comprehensive News] In mid-May, the local epidemic broke out in Taiwan, entering the third-level epidemic prevention alert, which brought interference factors. However, the impact of the manufacturing industry is limited and continues to benefit from the steady recovery of the global economy. The manufacturing industry prosperity light for May announced by the Taiwan Institute of Economics (Taiwan Economics) on July 1st is still showing its third yellow and red light this year.
Manufacturing industry prosperity signal value decreased by 0.82 points compared with April
Central News Agency reported that the Taiwan Economic Institute stated that although the variant virus interferes with the lifting schedule of some countries, the global economy of still showed a steady recovery, driving strong demand in the market and the prices of agricultural and industrial raw materials continued to remain high. On the island, due to the local epidemic outbreak since mid-May, the service industries such as tourism, tourism and catering have been hit hard, and the Taiwan Stock Exchange Index has also fluctuated, showing investors' concerns about the demand, operating environment and cost.
However, further observing the performance of the manufacturing industry, the Taiwan Economic Institute pointed out that manufacturers have adopted epidemic prevention measures such as zoning and diversion, and the demand for home economy and online learning is still very high, which has expanded the application demand for new technology, and economic indicators such as export, export orders and production indexes continue to grow twice-digitly, which has boosted the input indicators of raw materials. Manufacturers are optimistic about the prosperity performance of that month. Although the economic performance decreased slightly compared with the survey last month, nearly 40% of the industry are still optimistic about the prosperity performance in the next six months.
Therefore, under the interference of the epidemic, the overall manufacturing industry's prosperity signal value only slightly decreased by 0.82 points to 17.71 points from 18.53 points after April's correction. Although the score was 0.82 points lower than April, it was still higher than the yellow and red light score in January and March, and the light number retreated from the red light representing prosperity to the yellow and red light representing ascension.
Taiwan Economic and Technical Institute stated that in May, Taiwan entered the third level of alert due to the epidemic, and some service industries were significantly impacted, and there were also sporadic migration in the manufacturing industry. However, the recent epidemic prevention measures in the manufacturing industry have been appropriate and have not caused large-scale shutdowns. Overall, May was still benefiting from the steady recovery of global prosperity and strong market demand, so the manufacturing industry's prosperity showed its third yellow and red light this year.
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The global economic recovery and incentives from major countries are expected to support the manufacturing industry in the second half of the year
Looking forward, the Taiwan Economic Institute said that the uncertainties in the development of the variant virus epidemic and the development of US-China relations may affect the performance of the manufacturing industry, but under the incentives of the strong recovery of the global economy and the expansion of infrastructure construction plans of major countries, it is expected to support the growth of manufacturing industry in the second half of the year.
However, Taiwan Economic and Economic Institute reminds that the epidemic has not had a significant impact on production and shipment, but whether it can be effectively controlled in the second half of the year, and some manufacturers have sporadic mobile epidemics, in the face of possible future crises, we still need to deploy plans ahead of time to effectively reduce the impact on production and manufacturing in the second half of the year.
The epidemic in Taiwan is still severe and all industries are affected by all walks of life
According to the Hong Kong China Review News Agency, the Taiwan Economic Institute announced the latest survey results on June 25. In May, the climate test points of manufacturing, service and construction industries fell simultaneously, which is the first time this year. Zhang Jianyi, director of the Economics Institute of
, said that the three indexes fell simultaneously this time, within expectations; the survey results show that the epidemic has gradually affected the operation of the manufacturing industry. This month, manufacturers have seen a little more prospects for bad prosperity, and it is estimated that the bad rate will expand next month. He said that the Taiwan Economic Institute's valuation of the 5-year growth rate of Taiwan's GDPhtml in April was 5.03%. It was originally believed that there was an opportunity to "sit for five to six". After the outbreak of the local epidemic, it is no problem to "sit for five" now, but there are fewer opportunities to "sit for six".
reported that the aforementioned investigation results released by the Taiwan Economic Institute are only a small part of the overall economic situation in Taiwan and a reflection of the industry's confidence in the future. The actual situation is that the outbreak and continued expansion of the epidemic in Taiwan has been deeply affected by all walks of life. What's more serious is that the epidemic is under control and the production and life of the entire society cannot return to normal in the short term, so the impact can be imagined.
reported that Taiwan’s top priority is to control the epidemic first before we can talk about the future recovery and development of the economy and people’s livelihood; reviewing and reflecting on the lack of epidemic prevention policies before is an important link. Only by scientific and professional epidemic prevention, eliminating unnecessary political and party calculations, and cooperating with the whole nation, can we truly do a good job in epidemic prevention and control. (End)