By: Central News Agency
The Taiwan Institute of Economic Research (TIER), one of the country’s leading think tanks, said Thursday that as economic fundamentals remained weak, an index that gauges manufacturing activity flashed a blue light for the 12th consecutive month in March.
The streak of 12 blue lights in a row, which indicates a recession, was the longest in Taiwan since the global financial crisis between July 2008 and May 2009, according to the TIER.
The TIER said that although the composite index of the local manufacturing sector for March rose 0.72 points from a month earlier to 9.98, the score kept the sector in the blue light range, which is below 10.5 points. [FULL STORY]