Key economic indicator remains positive and 'green' for July: NDC
August 28, 2014, 12:26 am TWN
TAIPEI--Taiwan's economy continued to enjoy positive momentum in July, with a government indicator of business activity flashing a green light for the sixth consecutive month, signaling steady growth, the country's economic planning body said Wednesday.
The score of the nine monitoring indicators that comprise the composite index increased to 27 for July, one point above the June figure, due to the country's strong exports, according to the National Development Council (NDC, 國家發展委員會).
Taiwan's exports registered positive annual growth for the sixth consecutive month in July, with the figure reaching US$26.77 billion last month, statistics show.
The council uses a five-color system to gauge economic health, with red signaling overheating, yellow-red showing slight overheating, green indicating steady growth, yellow-blue signaling a slowdown and blue indicating recession.