ZCZC
BCN-16
TAIWAN-ECONOMY
Economic sluggishness continues in Taiwan
TAIPEI, Sept. 30, 2019 (BSS/Xinhua) – Taiwan’s economy continued to show
signs of sluggishness in August as indicated by the latest index gauging the
business climate on the island.
The composite index of monitoring indicators for August continued to flash
the “yellow-blue light,” dropping two points from July to 20 points,
suggesting the economy remained stuck between recession and growth, according
to the island’s economic planning authorities.
The island’s economy has been flashing the yellow-blue light since January
2019 after improving from a contraction in December.
Under Taiwan’s five-color system to assess the economy, a blue light (9-16
points) indicates contraction, a yellow-blue light (17-22) means
sluggishness, a green light (23-31) signals stable growth, a yellow-red light
(32-37) suggests a warming economy and a red light (38-45) points to an
overheated economy.
The coincident indicator, which reveals the current economic situation,
rose to 100.21 in August, 0.57 percent higher than the previous month.
The leading indicator, which is composed of seven sub-indexes to predict
changes in the economy, kept falling for two consecutive months, with a
decline by 0.05 percent in August to 101.67.
BSS/XINHUA/HR/1420