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.
The material has been provided by InstaForex Company – www.instaforex.com