By: Chen Cheng-wei and Elizabeth Hsu
Taipei, March 27 (CNA) Taiwan’s economy continued to enjoy positive momentum in February, with a government indicator of business activity flashing a green light for the second consecutive month, signaling steady growth, the country’s economic planning body said Friday.
The score of the nine indicators that comprise the composite index increased one point to 24 for February, thanks to strong domestic demand and rising private investment, according to a regular report on the domestic economy released by the National Development Council that day.
The report said that among the nine components, the TAIEX average closing price and imports of machinery and electrical equipment each gained one point to change their signals from green to yellow-red. [FULL STORY]