M1B EXCEPTION:The money supply indicator improved to ‘green,’ while the National Central University survey showed that investment sentiment has decreased to 72.5
Date: Oct 28, 2015
By: Ted Chen / Staff reporter
The nation’s economic outlook remained bleak after the government’s business monitoring system flashed “blue” for the fourth consecutive month last month, the National Development Council said yesterday.
The overall score remained unchanged on 14 points.
The nine business gauges making up the business monitoring system saw across-the-board declines last month, dragged by weak industrial output and commercial sales, the council said.
The exception was M1B money supply, which improved from “yellow-blue” to “green,” indicating a slight uptick for the financial sector, the council said.
The M1B reading, which includes cash and cash equivalents, last month increased 6.6 percent on a year-on-year basis, compared with 5.9 percent in August. [FULL STORY]