Service sector remains slow, loses peak season effects: survey

Focus Taiwan
Date: 2016/07/05
By: Huang Chiao-wen and Frances Huang

Taipei, July 5 (CNA) The local service sector remained weak in May, as an index that gauges the 201607050035t0001climate of the sector continued to point to a slowdown, losing the peak season effects usually seen in the wholesale industry in that month, according to the results of a survey released Tuesday.

The Commerce Development Research Institute (CDRI, 商發院) said that the index of service industry (ISI) stood at 96 points, and added that although the May figure was up one point from a month earlier the score remained in the range of a yellow-blue light for the seventh consecutive month.

The CDRI uses a five-color coded system, coupled with the ISI, to describe the climate of the local service sector, focusing on three major segments — securities trading, the labor market and wages, and business operations.

Red signals overheating, yellow-red indicates slight overheating, green represents steady growth, yellow-blue signals sluggishness and blue indicates recession. The score for a yellow-blue light ranges between 93 points and 99 points.     [FULL  STORY]

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