By: Chen Cheng-wei and Kuo Chung-han
Taipei, Oct. 27 (CNA) Taiwan’s economic indicators flashed a “blue” light for the fourth consecutive month in September, indicating a sluggish economy, the National Development Council (NDC) said Tuesday.
The overall composite score of the business monitoring indicators was 14 points, same as the previous month and the lowest since May 2012. It was also the fifth time that Taiwan’s key economic indicator flashed a blue light this year.
The indicator first flashed a “blue” light in April, followed by a “yellow-blue” light when the overall score rose to 18 points in May.
The council employs a five-color system to gauge the country’s economic performance, with “blue” (9-16 points) indicating a sluggish economy, “yellow-blue” (17-22) representing an economic slump, “green” (23-31) denoting a stable growth, “yellow-red” (32-37) referring to a heating economy, and “red” (38-45) pointing to an overheated economy. [FULL STORY]