台湾制造业7月进一步收缩，标普全球制造业PMI从6月的47.2降至46.2，这是自2023年8月以来的最大降幅，也是连续第五个月下降。企业表示，销售疲软是产量下降的主要原因，在美国贸易政策持续存在不确定性的情况下，新业务总量和出口订单均以近两年来最快的速度下降。作为回应，制造商削减了采购并削减了员工人数。商业信心跌至两年半以来的最低点。投入成本小幅上升，但企业为了吸引新业务，略微降低了售价。

Taiwan’s manufacturing sector contracted further in July, with the S&P Global Manufacturing PMI dropping to 46.2 from 47.2 in June, the steepest decline since August 2023 and the fifth consecutive monthly drop. Firms cited weaker sales as the main driver behind reduced output, with both total new business and export orders falling at the fastest pace in nearly two years amid ongoing uncertainty around US trade policy. In response, manufacturers cut back on purchasing and trimmed staff levels. Business confidence fell to its lowest point in two-and-a-half years. Input costs edged higher, but firms slightly lowered selling prices in a bid to attract new business.

根据预先估计，台湾经济在2025年第二季度增长7.96%，高于第一季度的5.48%。这标志着四年来最快的扩张，远远超过了5.7%的市场预期，主要是由于强劲的出口和资本形成。在机械、建筑、运输设备和知识产权投资的支持下，资本形成总额增长了5.56%（2025年第一季度为15.98%）。受食品、饮料以及娱乐和交通等服务支出的支撑，实际私人最终消费小幅上涨0.56%（而之前为1.36%）。政府消费增长2.85%（0.44%），对整体GDP增长贡献0.37个百分点。受全球对人工智能（AI）和新兴技术的强劲需求推动，商品和服务出口激增35.10%（对比20.29%），而进口增长31.95%（对比24.43%）。经季节性调整后，第二季度GDP增长从上一季度的7.25%加速至12.89%。

Taiwan’s economy surged 7.96% in Q2 2025, accelerating from 5.48% in Q1, according to an advance estimate. This marked the fastest expansion in four years and sharply exceeded market expectations of 5.7%, primarily driven by robust exports and capital formation. Gross capital formation rose 5.56% (vs. 15.98% in Q1 2025), supported by investment in machinery, construction, transport equipment, and intellectual property. Real private final consumption edged up 0.56% (vs. 1.36%), supported by spending on food, beverages, and services such as entertainment and transportation. Government consumption increased 2.85% (vs. 0.44%), contributing 0.37 percentage points to overall GDP growth. Exports of goods and services surged 35.10% (vs. 20.29%), fueled by strong global demand for artificial intelligence (AI) and emerging technologies, while imports rose 31.95% (vs. 24.43%). On a seasonally adjusted annualized basis, GDP growth accelerated to 12.89% in Q2, up from 7.25% in the previous quarter.

台湾公布了其“十大人工智能基础设施项目”倡议，目标是到2040年创造超过15万亿新台币的经济价值，并将自己定位为全球人工智能强国。行政院院长ChoJung-tai表示，台湾将利用其强大的信息和通信技术（ICT）部门和领先的半导体产业，成为“智能技术岛”和全球人工智能影响者。该计划侧重于三项核心技术：硅光子学、量子技术和人工智能机器人。主要目标包括发展主权人工智能能力、扩大计算基础设施以及跨行业整合人工智能。政府计划投资超过1000亿新台币的风险投资，以推动人工智能创新和人才。该计划还旨在创造50万个就业机会，并建立三个国际级的人工智能研究实验室。

Taiwan has unveiled its “Ten Major AI Infrastructure Projects” initiative, aiming to generate over TWD 15 trillion in economic value by 2040 and position itself as a global AI powerhouse. Premier Cho Jung-tai said Taiwan will leverage its strong information and communications technology (ICT) sector and world-leading semiconductor industry to become a “smart technology island” and a global AI influencer. The initiative focuses on three core technologies: silicon photonics, quantum technology, and AI robotics. Key goals include developing sovereign AI capabilities, expanding computing infrastructure, and integrating AI across industries. The government plans to invest over TWD 100 billion in venture capital to drive AI innovation and talent. The initiative also seeks to create 500,000 jobs and establish three international-level AI research labs.

台湾6月零售额同比下降2.9%，这是连续第三个月萎缩，5月修正后下降1.4%。经济持续不确定性、消费者情绪低迷、进口汽车交货延迟以及假期较去年同期缩短都是造成这一下滑的原因。汽车和摩托车（5月份为-17.3%对-18.0%）、纺织品和服装（-6.3%对0.8%）、药品、医疗用品和化妆品（-0.9%对4.2%）以及家用电器和商品（-2.0%对-0.8%）的销售额大幅下降。一般商品（1.9%对6.5%）、食品、饮料和烟草（7.7%对11.5%）以及电子和家用电器（2.6%对4.1%）的销售势头减弱。相比之下，其他零售类别（6.8%对3.5%）和建筑材料（4.5%对3.3%）的增长加速，而非商店零售的销售额反弹（4.9%对-1.7%）。按月计算，6月份零售活动下降1.5%，扭转了5月份2.9%的增长。

Retail sales in Taiwan fell by 2.9% year-on-year in June, marking the third consecutive month of contraction and following a revised 1.4% drop in May. The downturn was driven by persistent economic uncertainty, subdued consumer sentiment, delayed deliveries of imported vehicles, and a shorter holiday compared to the same period last year. Sales slumped for motor vehicles and motorcycles (-17.3% vs -18.0% in May), textiles and clothing (-6.3% vs 0.8%), pharmaceutical, medical goods and cosmetics (-0.9% vs 4.2%), and household appliances and goods (-2.0% vs -0.8%). Sales momentum weakened in general merchandise (1.9% vs 6.5%), food, beverages and tobacco (7.7% vs 11.5%), and electronics and home appliances (2.6% vs 4.1%). In contrast, growth accelerated in other retail categories (6.8% vs 3.5%) and construction materials (4.5% vs 3.3%), while sales in non-store retail rebounded (4.9% vs -1.7%). On a monthly basis, retail activity declined 1.5% in June, reversing the 2.9% gain in May.