Focus Taiwan
Date: 2019/07/02
By: Pan Tzu-yu and Frances Huang

Taipei, July 2 (CNA) Taiwan's manufacturing sector signaled contraction for a seventh consecutive month in May amid lingering worries over trade friction between the United States and China, the Taiwan Institute of Economic Research (TIER) said Tuesday.

Data compiled by TIER, one of Taiwan's leading think tanks, showed the composite index for the manufacturing sector in May fell 0.60 points from a month earlier to 9.12, flashing a "blue light" signaling contraction for a seventh straight month.

The think tank 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 reflecting contraction.

A blue light is flashed when the composite index falls to 10.5 or below that level.
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