Economy continues to contract: NDC

ANOTHER FLASH OF BLUE:National Development Council Director Wu Ming-huei said that almost all economic barometers showed negative movements last month

Taipei Times
Date: Apr 28, 2016
By: Alison Hsiao / Staff reporterBy Crystal Hsu / Staff reporter

The government’s business monitoring system flashed the 10th straight “blue” signal last month, reflecting a continued weakness in the nation’s economy without signs of a recovery, the National Development Council said yesterday.

The council’s Taiwan Business Indicators stood at 15, shedding one point from February, dragged by slacker imports of machinery and electric equipment, the monthly report said.

“Almost all barometers showed negative movements, although the pace of decline did not widen,” council Director Wu Ming-huei (吳明蕙) told reporters.

A “blue” light indicates economic weakness, while “green” suggests stable conditions and a “red” light signifies overheating.

Chance of a signal change is slim before the second half of the year as the current quarter is a slow season for technology product sales, Wu said.     [FULL  STORY]

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