台湾9月的年通胀率降至1.25%，为2021年3月以来的最低水平，从8月的1.60%有所缓解，远低于央行2%的目标。食品（2.64%对3.18%）、住房（1.61%对1.81%）、教育和娱乐（0.92%对1.28%）、杂项商品和服务（2.54%对2.57%）的价格增长放缓，以及服装（-0.93%对-0.85%）、交通和通信（-2.02%对-1.34%）的价格进一步下跌，推动了价格放缓。相比之下，健康价格上涨更快（1.94%对1.75%）。经季节性调整的月度数据显示，9月份消费者价格指数上涨0.11%，略低于8月份0.12%的涨幅。

The annual inflation rate in Taiwan fell to 1.25% in September, the lowest since March 2021, easing from 1.60% in August and well below the central bank’s 2% target. The moderation was driven by slower price growth in food (2.64% vs 3.18%), housing (1.61% vs 1.81%), education and entertainment (0.92% vs 1.28%), and miscellaneous goods and services (2.54% vs 2.57%), along with further declines in clothing (-0.93% vs -0.85%) and transportation and communication (-2.02% vs -1.34%). In contrast, prices rose faster in health (1.94% vs 1.75%). On a seasonally adjusted monthly basis, consumer prices increased 0.11% in September, slightly below the 0.12% gain in August.

台湾外汇储备从上月的5974.3亿美元增至2025年9月的6029.4亿美元。这一增长受到外汇储备管理回报、其他储备货币兑美元汇率变动以及央行为平滑波动的资本流动和维持有序的外汇市场而采取的干预措施的影响。相比之下，2024年9月的外汇储备为5779.3亿美元。

Taiwan’s foreign exchange reserves rose to USD 602.94 billion in September 2025, from USD 597.43billion in the previous month. The increase was influenced by returns from foreign exchange reserves management, exchange rate movements of other reserve currencies against the USD, and interventions by the central bank to smooth volatile capital flows and maintain an orderly foreign exchange market. For comparison, reserves stood at USD 577.93 billion in September 2024.

台湾正在探索与美国建立高科技战略伙伴关系，旨在促进双边投资，同时寻求降低20%的出口关税。主持会谈的副总理程立秋周四对通过“台湾模式”达成共识表示乐观，该模式侧重于在不转移供应链的情况下扩大美国产能。她将该模式描述为出口信贷担保和产业集群联合发展支持的“产业投资规划”。程还澄清说，据报道，美国商务部长霍华德·卢特尼克提出的芯片生产方案“不是台湾会同意的”，谈判期间从未讨论过。

Taiwan is exploring a high-tech strategic partnership with the U.S., aiming to boost bilateral investment while seeking to reduce the 20% tariff on its exports. Vice Premier Cheng Li-chiun, leading the talks, expressed optimism on Thursday about reaching a consensus through a “Taiwan model” that focuses on expanding U.S. production capacity without relocating supply chains. She described the model as “industrial investment planning” supported by export credit guarantees and joint development of industrial clusters. Cheng also clarified that a reported 50-50 chip production proposal by U.S. Commerce Secretary Howard Lutnick was “not something Taiwan would agree to” and was never discussed during negotiations.

标普全球台湾制造业PMI从8月的47.4降至2025年9月的46.8，表明商业状况更快、更稳定地恶化，并将当前的低迷期延长至7个月。产出和新订单均大幅收缩，由于全球需求疲软和贸易政策的不确定性，对美国、欧洲、日本和中国的销售额下降。新出口订单以两年来最快的速度下降，同时企业缩减了采购活动并减少了库存。就业人数也连续第十三个月下降，反映出产能过剩和工作量减少。在价格方面，在原材料价格上涨的推动下，投入成本通胀在2025年加速至迄今为止的最高水平，尽管制造商为了获得新业务而保持销售价格大致不变。展望未来，市场情绪仍然悲观，由于全球需求担忧，对未来产出的信心是过去两年中最弱的。

The S&P Global Taiwan Manufacturing PMI fell to 46.8 in September 2025 from 47.4 in August, signalling a quicker and solid deterioration in business conditions and extending the current downturn to seven months. Both output and new orders contracted at sharper rates, with sales to the US, Europe, Japan and China falling amid muted global demand and uncertainty over trade policy. New export orders fell at one of the fastest rates in two years, while firms scaled back purchasing activity and reduced inventories. Employment also declined for the thirteenth straight month, reflecting spare capacity and weaker workloads. On prices, input cost inflation accelerated to the strongest level so far in 2025, driven by higher raw material prices, though manufacturers kept selling prices broadly unchanged in efforts to secure new business. Looking ahead, sentiment remained pessimistic, with confidence around future output among the weakest in the past two years due to global demand concerns.