Taiwan Today
Date: December 29, 2015
Taiwan’s overall economic monitoring indicator flashed blue for the sixth
The upcoming Lunar New Year is cited by the NDC as a prime mover set to drive up consumer spending in the next few months. (CNA)
consecutive month in November, with signs pointing to a modest growth track progressing for the relatively sluggish economy, according to the National Development Council Dec. 28.
“The composite score of 15 was the same as the month before and outperformed that of the third quarter, indicating the period of contraction is nearing its end,” said Wu Ming-huei, director of the NDC’s Economic Development Department.
“Growth is likely to gather steam in the coming year, as several trend-adjusted leading indicators, including the index of export orders and real monetary aggregates M1B, are pointing upward, while the coincident index also rose to 98.31, up 0.03 percent from a month earlier.”
Among the overall indicator’s nine individual components, monetary aggregates M1B—defined as currency in circulation plus checking accounts, passbook deposits and passbook savings deposits—and imports of electrical equipment and machinery both remained at a stable green. [FULL STORY]
