Taiwan’s Economic Indicator Flashes 2nd Consecutive Monthly Green in March

Thanks to stable global economic recovery, Taiwan’s economic indicator flashed a a green light for the second consecutive month in March, with the composite scores remaining 25 points to be the same as a month earlier, according to the  National Development Council (NDC).

H. K. Kao, NDC chief secretary, indicates that the economic climate in Europe and the United States is improving this year to benefit Taiwan’s export-oriented economy. However, the economic recovery in China and the ASEAN (Association of Southeast Asian Nations) seems to be slowing to inevitably impact Taiwan’s export.

Among the factors that constitute the economic indicator, machinery & electrical equipment imports gained two points in March with the light turning yellow-red from yellow-blue, although industrial production and customs exports each dropped one point to turn yellow-blue from green.

In the same month the leading index, used to forecast economic outlook for the next three months, stood at 101.16, edged up 0.1% from a month earlier for the 19th consecutive monthly rise.

Kao is optimistic about the business climate in April as the economic outlook seems stable both at home and abroad. (JL)