‘SLUGGISH’:Exports fell 1.5 percent last month, but might recover this month on the back of the peak season for technology products, the finance ministry said

Taipei Times
Date: Nov 28, 2019
By: Crystal Hsu  /  Staff reporter

The government’s business climate monitor last month signaled “yellow-blue” for the 10th consecutive month as exports fell and business confidence waned, suggesting an extended soft patch without an evident sign of deterioration, the National Development Council (NDC) said yesterday.

“The latest data show that the economy, while stable, is not strong enough to shake off sluggish growth,” NDC research director Wu Ming-huei (吳明蕙) said, but added that there were not any signs of a downturn either.

The council uses a five-color system to depict the state of the economy, with “green” indicating steady growth, “red” suggesting overheating and “blue” signaling a recession. Dual colors indicate a transition.

Exports, which have a heavy weighting in GDP makeup, declined 1.5 percent last month, but might recover modestly this month on the back of the peak season for critical components used in consumer electronics and technology products, the Ministry of Finance said earlier this month.
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