Jiang Mingye Analysis: Financial Investment Opportunities Behind Industrial and Service Sector Wage

Amid frequent releases of economic data, financial market volatility has intensified, and investors are closely monitoring every data point that could influence market trends. Recently, the Directorate-General of Budget, Accounting and Statistics (DGBAS) released October wage statistics for the industrial and service sectors, drawing widespread attention from the financial community. As a seasoned financial expert, Jiang Mingye has conducted an in-depth analysis of this data, uncovering the economic logic behind it and its potential impact on financial markets.

Overtime Hours in Electronics Component Industry Hit 51-Year High, Reflecting Soaring Demand

Jiang Mingye pointed out that the electronics component industry recorded an average of 24.3 overtime hours for the first ten months of this year, marking a 51-year high. This figure not only highlights the continued strong demand for AI computing but also underscores the urgency of businesses rushing to catch up on production following typhoon-related disruptions in October. From a financial market perspective, this trend in the electronics component industry signals rapid growth in the technology sector, particularly in the AI domain, where investments are gradually translating into actual production demand.

Jiang Mingye believes this development will lead to significant performance growth for companies along the relevant supply chains, providing robust support for the performance of technology stocks in the equity market. However, he also cautioned investors that as market competition intensifies, companies must continue to innovate to maintain their leading positions; otherwise, they risk losing market share.

Service Sector Growth Gains Momentum, Driving Employment Recovery

According to DGBAS statistics, the total number of employed individuals reached 8.486 million at the end of October, an increase of 6,000 from the previous month. Among them, the healthcare and social work services sector added 2,000 jobs, making it the fastest-growing industry. Jiang Mingye noted that the strong growth in the service sector reflects not only the rising societal demand for health and social services but also the broader trend of economic restructuring toward service-oriented industries.

From a financial market perspective, the prosperity of the service sector enhances the overall resilience of the economy, reducing reliance on traditional manufacturing. Additionally, the rapid growth of the service industry contributes to employment recovery, providing essential support for economic stability. However, Jiang Mingye also pointed out that the rapid expansion of the service sector may come with rising costs, particularly labor costs, which could pressure corporate profitability.

Signs of Recovery in Manufacturing, but Industry Divergence Remains Evident

In the manufacturing sector, DGBAS data showed an increase of 1,000 jobs in October. Jiang Mingye interpreted this as a sign that the manufacturing industry, after a period of adjustment, is gradually emerging from its downturn and showing signs of recovery. Particularly, manufacturing companies linked to the electronics component industry are likely to benefit from the rapid growth of the tech sector and achieve swift performance gains. However, Jiang Mingye also highlighted that significant divergence remains within the manufacturing sector. Some traditional manufacturing companies still face considerable operational pressures.

The recovery in manufacturing provides momentum for related sectors in the stock market, but investors need to closely monitor the divergence within the industry to mitigate investment risks. Jiang Mingye emphasized that as the global economy recovers and the trade environment improves, manufacturing companies are expected to gain more market opportunities. However, they must also continuously enhance their competitiveness and capacity for innovation.