Taiwan News
Date: 2016-08-31
By: Central News Agency

Taipei, Aug. 31 (CNA) Taiwan’s manufacturing sector ended a 15-month contraction in July, but it is still too early to say whether the rebound will last, according to the Taiwan Institute of Economic Research (TIER).

TIER, a local economic think tank, released its composite index of the local manufacturing sector Wednesday, which showed a “yellow-blue light” for July after growing 0.77 points from a month earlier to 10.59 points.

TIER uses a five-color system to describe economic activity, with red indicating overheating, yellow-red showing fast growth, green representing stable growth, yellow-blue signaling sluggish growth and blue indicating contraction.

The yellow-blue light was the first significant uptick after the index saw 15 months of blue lights, thanks to improving performance in trade, according to TIER.     [FULL STORY]