Local economy showed signs of sluggishness in February

Focus Taiwan
Date: 2019/03/27
By: Pan Tzu-yu and Evelyn Kao

Taipei, March 27 (CNA) Taiwan’s economy showed signs of weakening in February as an

CNA file photo

index gauging local economic fundamentals continued flashing a yellow-blue light indicating sluggish growth, the National Development Council (NCD) said Wednesday.

The composite index of monitoring indicators for February dropped three points from a month earlier to 17 and remained flashing the yellow-blue light due mainly to fewer work days in the month.

The NDC employs a five-color system to rate Taiwan’s economic performance according to nine indicators.

A blue light (9-16 points) indicates a contracting economy, yellow-blue (17-22) represents sluggishness, green (23-31) signals stable growth, yellow-red (32-37) refers to a warming economy, and red (38-45) points to an overheated economy.    [FULL  STORY]

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