Taiwan's economy showing steady growth
Organization: Department of International Cooperation Publish Date: 2016-11-02 10:53
Sources: China Post; Taipei Times
Taiwan's economy continued to show signs of steady improvement in September, with monitoring indicators flashing a green light for the third straight month, according to a National Development Council (NDC) report released on Oct. 27, 2016.
A five-color system is used by the NDC to evaluate the economic situation, with red indicating overheating, yellow-red representing a warming economy, green pointing to stable growth, yellow-blue representing sluggishness and blue indicating recession.
Of the nine components in the NDC's composite monitoring indicator, the signals for four of them flashed green. Overall, the monitoring indicator declined by two points from the previous month to 23 for September.
Meanwhile, both the trend-adjusted leading index and trend-adjusted coincident index increased for the seventh straight month, the NDC report revealed.