FLASHING GREEN: The official GDP growth forecast for this year was last week raised to 2.6% from 2.42%, even as consumer confidence fell for the second straight month

Taipei Times
Date: May 29, 2018
By: Kuo Chia-erh  /  Staff reporter

The nation’s business indicator flashed “green” for the third consecutive month last month, indicating stable growth in the economy, the National Development Council said yesterday.

The overall composite score of business monitoring indicators rose three points from the previous month to 26, the council’s monthly report said.

The council uses a five-color spectrum to identify the nation’s economic state, with “blue” representing a recession, “green” signifying steady growth and “red” indicating overheating. Dual-color signals suggest the economy is changing gears.

Among the nine sub-indices, only the readings on the monetary aggregate M1B and nonagricultural employment signaled “blue,” council data showed.    [FULL  STORY]