Taiwan's economy continued to show signs of steady growth in September, with monitoring indicators flashing a green light for the third consecutive month, according to a report released Thursday by the National Development Council (NDC).
The NDC uses a five-color system to gauge the country's economic situation, with blue indicating recession, yellow-blue representing sluggishness, green denoting stable growth, yellow-red signifying a warming economy, and red pointing to overheating.
The economy flashes the different colors based on the council's composite monitoring indicator, which measures growth or decline in nine components of the economy.
Of the nine components, the signals for four of them flashed green, including the the M1B money supply, the stock market, the industrial production index, and the Taiwan Institute of Economic Research (TIER) manufacturing composite indicator.
A monitoring indicator score of between nine and 16 represents a blue light, while 17-22 indicates yellow-blue, 23-31 signals green, 32-37 represents yellow-red, and 38-45 signals red.
Overall, the monitoring indicator decreased by two points from a month earlier to 23 in September mainly due to decreases in customs-cleared exports and the index of manufacturers' shipments, which flashed a blue light.
Meanwhile, the sub-indexes for non-agricultural employment and for sales in the retail, wholesale and restaurant sector flashed a yellow-blue light.
The sub-index for imports of machinery and electrical equipment flashed red in September.
The trend-adjusted leading index was 101.67 in September, up 0.77 percent from the previous month, while the trend-adjusted coincident index increased by 0.75 percent to 102.72. Both the indexes showed an increase for the seventh consecutive month, signaling that the economy continued to improve during the month, according to the NDC.
Source: Focus Taiwan News Channel