By: Huang Ya-chuan and Frances Huang
Taipei, May 6 (CNA) The local service sector showed signs of improvement in March, with an index gauging the sector’s sentiment indicating that momentum accelerated in March, according to the Commerce Development Research Institute (CDRI).
The CDRI, one of the leading think tanks in Taiwan, cited a survey as saying that the Index of Service Industry (ISI) for March stood at 104, up 1 point from a month earlier, flashing a yellow-red light, which represents a range between 104 and 108. In February, the ISI flashed a green light, which ranges from 100 to 103.
The think tank said that the higher ISI in March largely reflected an improvement in the local job market and business operations. [FULL STORY]