Economy shows signs of pickup: NDC

SLUGGISH:Only two of the monitoring system’s nine business gauges — M1B and machinery and electrical equipment imports — picked up, while the rest declined

Taipei Times
Date:  Jun 27, 2015
By: Crystal Hsu  /  Staff reporter

The economy remained sluggish last month, but showed signs of a pickup, with machinery and electrical equipment imports improving, the National Development Council (NDC) said yesterday.

The government’s business monitoring system rose by 2 points to 18 last month, moving into the “yellow-blue” zone, from “blue” in April, a sign that Taiwan’s export-oriented economy is shifting gears, hopefully back to the course of a modest recovery with the advent of the high sales season for local manufacturers, the council said in a statement.

April’s “blue” reading had raised concern over an economic downturn after the global recovery proved weaker than expected in the first quarter.     [FULL  STORY]

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