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