Published:
Taiwan's inflation dipped to -0.79%
Impacted by base effects from 2012 typhoon.
According to BBVA Research, Taiwan headline inflation turns negative at -0.79% in August (consensus: -0.27%; July: 0.06%), due to base effects from last year’s typhoon that had sent food prices soaring temporarily.
Here's more:
Both industrial production and export orders beat expectations in July, while retail sales unexpectedly softened. We expect a gradual pickup of Taiwan’s economy in 2H 2013, for full-year growth of 2.7%, with inflationary pressures remaining subdued.
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