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Taiwan’s seasonally adjusted unemployment rate edged down to 3.34% in May 2025, from 3.36% in the previous month, marking the lowest level since November 2000. The number of unemployed persons decreased by 1 thousand to 402 thousand, while total employment increased by 7 thousand to 11.623 million. The youth unemployment rate—which tracks job seekers aged 20 to 24—fell to a four-month low of 11.14%, from 11.30% in April. Meanwhile, the labor force participation rate edged higher to 59.37% in May, compared to 59.34% in the previous month.

2025年5月，台湾出口订单同比激增18.5%，达到579亿美元，为两年多来的最高水平，4月份增长19.8%。强劲的增长得益于对信息和通信产品的强劲需求，增长了29.5%（高于4月份的20.0%），以及机械（6.8%对5.8%）和其他商品（32.7%对22.0%）。然而，电子产品（27.7%对35.0%）、电机（7.7%对9.2%）以及光学和摄影仪器（2.8%对4.2%）的订单增长势头放缓。与此同时，矿产品（-30.4%对-8.7%）、化学品（-17.4%对0.0%）、纺织产品（-8.8%对-1.1%）、塑料（-14.3%对-8.8%）和运输设备（-6.5%对3.3%）的订单均有所下降。按目的地划分，增幅最大的是美国（40.1%），其次是东盟市场（25.1%）和日本（23.2%）。

Orders for Taiwanese exports surged 18.5% year-on-year in May 2025 to USD 57.9 billion, marking the highest level in over two years and following a 19.8% increase in April. The strong growth was fueled by robust demand for information and communication products, which jumped 29.5% (up from 20.0% in April), as well as machinery (6.8% vs. 5.8%) and other goods (32.7% vs. 22.0%). However, momentum slowed in orders for electronic products (27.7% vs. 35.0%), electrical machinery (7.7% vs. 9.2%), and optical and photographic instruments (2.8% vs. 4.2%). Meanwhile, declines were recorded in orders for mineral products (-30.4% vs. -8.7%), chemicals (-17.4% vs. 0.0%), textile products (-8.8% vs. -1.1%), plastics (-14.3% vs. -8.8%), and transport equipment (-6.5% vs. 3.3%). By destination, the largest increases came from the United States (40.1%), followed by ASEAN markets (25.1%) and Japan (23.2%).

台湾中央银行在2025年6月的会议上将其关键贴现率保持在2%不变，符合市场预期。这一决定反映了当前全球经济的不确定性、稳定的国内前景以及通胀压力的持续缓解。台湾经济在2025年上半年表现超出预期，这得益于全球对新兴技术的强劲需求，以及外国公司在预计美国关税可能上调的情况下提前库存。央行将2025年的GDP增长预测维持在3.05%。与此同时，2025年1月至5月的通货膨胀率以年均2.04%的速度上升，而核心CPI增长了1.65%。央行预计全年CPI和核心CPI分别增长1.81%和1.69%，均低于2024年的2.18%和1.88%。该行警告称，通胀风险依然存在，理由是大宗商品价格波动、国内服务成本和不可预测的天气是潜在压力。

The Central Bank of Taiwan kept its key discount rate unchanged at 2% during its June 2025 meeting, in line with market expectations. The decision reflects ongoing global economic uncertainties, a stable domestic outlook, and continued easing of inflationary pressures. Taiwan’s economy outperformed expectations in the first half of 2025, supported by strong global demand for emerging technologies and early inventory stocking by foreign firms in anticipation of potential US tariff hikes. The central bank maintained its GDP growth forecast at 3.05% for 2025. Meanwhile, the inflation rate from January to May 2025 rose at an average annual rate of 2.04%, while core CPI increased by 1.65%. The central bank projects full-year CPI and core CPI growth at 1.81% and 1.69%, respectively—both lower than the 2024 figures of 2.18% and 1.88%. The Bank cautioned that inflation risks remain, citing commodity price swings, domestic service costs, and unpredictable weather as potential pressures.

台湾广义M2货币供应量同比增长3.33%，至2025年5月的四个月低点648940亿新台币，低于上月3.88%的增长。减速的主要原因是银行贷款和投资增长放缓。考虑到今年前五个月，年均增长率为4.45%。

The Broad M2 Money Supply in Taiwan rose by 3.33% year-on-year to a four-month low of TWD 64,894 billion in May 2025, slowing from a 3.88% growth in the previous month. The deceleration was primarily driven by a slowdown in the growth of bank loans and investments. Considering the first five months of the year, the average annual growth rate was 4.45%.