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The most recent comments are shown here, with older ones in the archive
Wage growth is quite strong in Taiwan, particularly relative to the weakness of the manufacturing cycle. So far, the strength is more apparent in manufacturing. It will become more important for inflation if it starts to show up in services, where productivity growth is slower.
Exports ticked up in February. The export cycle could be bottoming out here, but there's not a lot of sign of a real rebound. Inflation softened in February. It is low by international standards, but somewhat elevated relative to Taiwan's own history.
The Taiwan February PMI surged to the highest since June 2022. But this was partly because the whole of the Lunar New Year holiday fell in January, meaning there were more working days in February 2023 than any since the survey started. That has relevance for thinking about China's PMI too.
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