Economy stays ‘red’ hot for sixth month - Taipei Times

CLIMATE INDICATOR:

Leading and coincident indicators rose last month, signaling that economic momentum had remained broad despite pockets of moderation

By Crystal Hsu

/ Staff reporter

Taiwan’s economy remained firmly in expansion mode last month, with broad-based strength in investment, exports and domestic demand keeping the government’s business climate indicator at its highest “red” signal, the National Development Council (NDC) said yesterday.The NDC’s composite monitoring indicator edged down to 39 from a revised 40 in April, but it flashed “red” for the sixth consecutive month.The council uses a five-color system to track the economy. Red (38-45) signals overheating; yellow-red (32-37) indicates a warming economy; green (23-31) suggests stable growth; yellow-blue (17-22) reflects sluggishness; and blue (9-16) points to contraction.