TAIWAN: The domestic economy flashed a “green light” in February, pointing to stable growth as industrial production started a slow recovery, the National Development Council (NDC) said Tuesday.
The NDC said the composite index of monitoring indicators for February increased four points from a month earlier to 24 points, flashing a green light.
The NDC uses a five-color system to gauge the country’s economic situation, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy, and red pointing to economic overheating. A green light flashes when the indicator is between 23 and 31 points.
The four-point increase in February was attributed to a two-point gain in the industrial production index, a one-point increase in the indices of customs-cleared exports, imports of machinery and electrical equipment, and manufacturers’ shipments, as well as a one-point decline in the stock market, according to the NDC.
