Focus Taiwan
Date: 2019/08/27
By: Pan Tzu-yu and Frances Huang

Taipei, Aug. 27 (CNA) The local economy remained sluggish with an index gauging the economic climate flashing another "yellow-blue" light in July, at a time when the global economy was slowing down amid escalating trade conflicts between the United States and China, the National Development Council (NDC) said Tuesday.

However, despite this the country's leading indicators, which predict economic performance over the next three to six months, moved higher for the seventh consecutive month in July, a positive sign for future development, the NDC said.

Data compiled by the NDC, the country's top economic planning agency, showed that the composite index of monitoring indicators for July remained flat from a month earlier at 21 points representing a yellow-blue light, a category that ranges from 17-22 points.

It is the seventh consecutive month the local economy has flashed a yellow-blue light, according to the data.    [FULL  STORY]