台湾(中国)10年期国债 (Taiwan10Y) 加自选

台湾的年通货膨胀率从上月的2.14%降至2024年4月的1.95%，低于市场预测的2.10%。主要的下行压力来自食品（2.58%对3月份的2.86%）、交通和通信（0.69%对1.29%）以及教育和娱乐（1.58%对1.91%）的通胀率下降。与此同时，服装价格在3月份上涨1.54%后，下降了0.06%。与此同时，住房（2.07%对1.92%）、健康（3.52%对3.19%）和杂项（2.51%对2.30%）的成本加快。经季节性调整后，CPI上涨0.10%，低于前一时期0.26%的涨幅。

The annual inflation rate in Taiwan fell to 1.95% in April 2024 from 2.14% in the previous month and coming less than market forecasts of 2.10%. Main downward pressures came from lower inflation for food (2.58% vs 2.86% in March), transportation & communication (0.69% vs 1.29%), and education & entertainment (1.58% vs 1.91%). At the same time, prices declined for clothing by 0.06%, after a prior 1.54% rise in March. Meanwhile, costs accelerated for housing (2.07% vs 1.92%), health (3.52% vs 3.19%), and miscellaneous (2.51% vs 2.30%). On a seasonally adjusted basis, the CPI rose 0.10%, down from a 0.26% increase in the previous period.

台湾外汇储备从上月的5681亿美元降至2024年4月的56701亿美元。这是自2023年10月以来的最小金额，受外汇储备管理回报和其他储备货币对美元汇率变动的影响。此外，中央银行介入，以平稳波动的资本流动，维持有序的外汇市场。2023年4月，外汇储备为5611.2亿美元。

Taiwan’s foreign exchange reserves decreased to USD 567.01 billion in April 2024 from USD 568.1 billion in the previous month. This was the smallest amount since October 2023, influenced by returns from foreign exchange reserves management and exchange rate movements of other reserve currencies against the USD. Moreover, the central bank stepped in to smooth out volatile capital flows to maintain an orderly foreign exchange market. In April 2023, the reserves stood at USD 561.12 billion.

标普全球台湾制造业PMI从3月的49.3升至2024年4月的50.2，这是两年来首次扩张，尽管注册增长幅度不大。产出和新订单同时增长，就业率也有所回升。尽管如此，小组成员继续报告说，市场需求仍然相对低迷，因此对购买活动保持了谨慎的态度，而是表示倾向于尽可能利用库存。与此同时，在原材料成本大范围上涨的背景下，投入品价格通胀加剧，尽管企业将这些成本转嫁给客户的能力仍然有限，4月份产出费用再次小幅下降。展望未来，企业希望市场需求将改善，导致销售额和产量回升。

The S&P Global Taiwan Manufacturing PMI rose to 50.2 in April 2024 from 49.3 in March, expanding for the first time in two years, although registered growth was marginal. There were concurrent rises in output and new orders, plus a return to rising employment. Panelists nonetheless continued to report that market demand remained relatively subdued, and therefore retained a cautious approach to buying activity, instead signaling a preference to utilize inventories wherever possible. Meanwhile, input prices inflation picked up on the back of a broad-based rise in raw material costs, though firms remained limited in their ability to pass these on to customers with output charges falling marginally again in April. Looking ahead, firms are hopeful that market demand will improve, leading to a pickup in sales and output.

初步估计显示，2024年第一季度，台湾经济同比增长6.51%，高于上一季度的4.93%。这标志着自2021年第二季度以来最强劲的经济扩张，这是由政府支出的进一步增长推动的（1.26%对第四季度的0.02%）。此外，下一次外部需求对GDP增长做出了积极贡献，出口激增10.21%（对3.72%），而进口则增长2.16%（对-4.48%）。与此同时，总资本形成下降幅度较小（-4.47%对-9.06%），家庭消费增长速度较慢（4.14%对5.07%）。经季节性调整的季度GDP增长0.28%，低于上一季度2.34%的强劲增长。

The Taiwanese economy expanded 6.51% year-on-year in the first quarter of 2024, accelerating from a 4.93% growth in the previous period, preliminary estimates showed. It marked the strongest economic expansion since the second quarter of 2021, driven by a further increase in government spending (1.26% vs 0.02% in Q4). Additionally, next external demand contributed positively to the GDP growth, as exports surged 10.21% (vs 3.72%), while imports rose at a softer 2.16% (vs -4.48%). At the same time, gross capital formation declined less (-4.47% vs -9.06%), and household consumption grew at a softer pace (4.14% vs 5.07%). On a seasonally adjusted quarterly basis, the GDP went up 0.28%, slowing from a robust 2.34% expansion in the prior quarter.