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October, 27, 2016

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Economic indicators upbeat for 4th month: NDC

TAIPEI, Taiwan -- The National Development Council (NDC) on Friday said that the overall monitoring indicators flashed green for the 4th consecutive month in May, showing that the economy has seen four straight months of stability while facing some recurring risks.

Among the indicators compiled by the NDC, the trend-adjusted leading index decreased by 0.18 percent, the trend-adjusted coincident index increased by 0.1 percent from the previous month, and the overall monitoring indicator flashed green for the fourth month in a row.

The total score of the 9-componet monitoring indicators in May decreased by five points to 24.

According to NDC, the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) average closing price lost one point to change its individual light signal from yellow-red to green, the customs-cleared exports and the sales of trade and food services each lost one point to change their individual standings from green to yellow-blue.

The imports of machinery and electrical equipment lost two points to change its individual light signal from yellow-red to yellow-blue. The light signal for the rest of five components remained unchanged.

With revised data, the composite leading index stood at 104.34, down by 0.04 percent from April 2014. Its trend-adjusted index decreased by 0.18 percent to 100.44.

The coincident index stood at 104.79, up by 0.23 percent from April 2014. Its trend-adjusted index increased by 0.1 percent to 100.87. The lagging index stood at 102.46, up by 0.4 percent from April 2014. Its trend-adjusted index increased by 0.27 percent to 98.63.

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A woman walks past a Cartier shopwindow in Taipei. A survey by the National Development Council showed that Taiwan's consumer confidence for June rose 1.99 points from a month earlier to 87.58, indicating better sentiment toward local economic basics. (CNA)

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