The Council for Economic Planning and Development (CEPD) said on Friday that, in order to better reflect people’s feelings about their quality of life, a new table of economic indicators that are more relevant to the public would be published soon.
The table will compile 13 economic indicators related to the lives of ordinary people in four categories — income, production, consumption and finance. It will be published on a monthly basis on the CEPD Web site so that people can access the statistics easily, CEPD Deputy Minister Hu Chung-ying (胡仲英) said.
“The statistics will reflect people’s feelings about their lives, and the government will review its policies if the data show they are not performing well,” Hu said.
He said the CEPD’s definition of so-called “ordinary people” was civilians excluding low-income individuals, irrespective of gender or age.
The income category covers average wage and salary adjustments, jobless claims and the number of jobs on offer, while the production category covers container traffic through commercial ports, international shipping, trailer traffic on freeways and the number of foreign visitors, he said.
The consumption category includes retail sales, food service sales, category A of the living price index and the consumer confidence index, while the finance category covers the weighted stock index and the trading volume of the stock market, he added.