By: Yang Shu-min and Kuo Chung-han
Taipei, Nov. 27 (CNA) Taiwan’s economic indicators flashed a blue light for the
fifth consecutive month in October, indicating a sluggish economy, the National Development Council (NDC) said Friday.
The overall composite score of the business monitoring indicators was 15 points, one point up from the previous month. It was the sixth time that Taiwan’s key economic indicator had flashed a blue light this year.
The indicator first flashed a blue light in April, followed by a yellow-blue light when the overall score rose to 18 points in May. It flashed another blue light in June, then a 14-point blue light from July to September, the lowest since May 2012.
The council employs a five-color system to gauge the country’s economic performance, with blue indicating a sluggish economy, yellow-blue representing an economic slump, green denoting stable growth, yellow-red referring to a warming economy, and red pointing to an overheated economy. [FULL STORY]