The China Post
Date: November 12, 2017
By: Liao Yu-yang and Frances Huang
TAIPEI (CNA) – Taiwan’s service sector continued to flash a yellow-red light in
Taipei residents go shopping in a recently opened Carrefour Market in this undated file photo. According to the Commerce Development Research Institute, Taiwan’s service sector continued to flash a yellow-red light in September, indicating slight overheating, amid increasing demand for high-tech gadgets. (NOWnews/courtesy of Carrefour)
September, indicating slight overheating, amid increasing demand for high-tech gadgets, according to the Commerce Development Research Institute (CDRI).
The CDRI, one of the country’s leading economic think tanks, said the Index of Service Industry (ISI) for September stood at 105, unchanged from August, flashing a yellow-red light that signaled a score of 104 to 108.
The slight overheating was driven by solid demand for tech devices and a move by buyers to build their inventories ahead of the year-end shopping season, the CDRI said.
The latest ISI reflected Taiwan’s trade figures for September, which showed a 28.1 percent year-on-year growth of exports and a 5.4 percent increase in production in the manufacturing sector from the same month last year, the CDRI said. [FULL STORY]
