By: Chen Cheng-wei and Frances Huang
Taipei, April 29 (CNA) The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said Wednesday that manufacturing activity in Taiwan improved in March from a month earlier because of higher industrial production and export orders in the month.
TIER, one of Taiwan’s leading economic think tanks, said the manufacturing composite index for March stood at 11.54 points, up 1.28 from February’s 10.26, and it flashed a “yellow-blue” light, improved from February’s “blue” light.
The think tank uses a five-light system to describe the state of the economy, with red indicating overheating, yellow-red representing fast growth, green showing stable growth, yellow-blue hinting at sluggish growth and blue indicating negative growth. [FULL STORY]