By: Pan Tzu-yu and Frances Huang
Taipei, Nov. 27 (CNA) Taiwan’s economy continued to show sluggish growth in October as the local equity market, one of the major factors in determining the economic climate, tumbled in the month amid trade tension between the United States and China, the National Development Council (NDC) said Tuesday.
The sentiment of the local manufacturing sector toward the business outlook also weakened, keeping the economy in sluggish growth, the NDC said.
The NDC’s composite index of monitoring indicators for October remained unchanged from a month earlier to stand at 22 points, flashing a yellow-blue light, which ranges between 17 and 22.
The NDC uses a five-color system to gauge the country’s economic performance, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy and red pointing to economic overheating. [FULL STORY]