Want China Times
The index for Taiwan’s services activity flashed a “yellow-blue” light in April for the
second month in a row, signaling a sluggish climate, according to the Commerce Development Research Institute (CDRI).
The CDRI, a Taiwan economic think tank, said in a report Friday that the service industry (ISI) index stood at 98 points in April, one point higher than in March, but still in the yellow-blue range of 93-99.
The entire service sector was adversely affected in April by falling revenues in the transportation business, the CDRI said.
The April ISI, one point lower than the CDRI’s forecast, also remained weak as a result of sluggish commercial sales in Taiwan during the usual slow season for the service sector, the report said. [FULL STORY]