FESTIVE FINANCE:Growth momentum is likely to sustain for the rest of the year on demand for electronics ahead of Christmas and the Lunar New Year, an official said
Date: Nov 29, 2016
By: Lauly Li / Staff reporter
The government’s business climate monitor last month flashed “green” for the fourth consecutive month, indicating that the economy is still on track for recovery, the National Development Council said yesterday.
“The indicators showed that the economy is recovering on a steady and firm pace,” Department of Economic Development Director Wu Ming-huei (吳明蕙) told a news conference.
The council’s monitoring indicators measure growth or decline in nine areas of the economy.
The total score of the monitoring indicators rose one point to 24 last month, driven by better exports and industrial production as global demand for next-generation consumer electronics devices picked up, Wu said. [FULL STORY]